Simplicity is one of our core values at DigitalOcean. It guides a lot of our decisions from our focus on providing a clean and straightforward interface for our control panel to the design of our API. We felt it was time for our logo to express that value a bit better. So our design team went to work to come up with something that was a bit more refined.
Sorry to hear you're not a fan. Generally, we've gotten a lot of positive feedback. I hope it will grow on you.
We'll be sharing a post sometime soon with some of the reasons for the change and a look at the design process. It will explain the decision a bit more.
Thanks for the feedback!