It looks like it may have taken an intern or "someone's cousin" maybe half hour to come up with this amateurish garbage. Even the kerning is off, and that would have been the only style decision to be made! An insult to real designers everywhere.
Kerning looks good to me.
My biggest regret is that I can no longer say "It's either Quiznos, or it's not" when I see that logo, unless they go to "quiznos." for a logo too.