It seems that it’s not correct at all, since Nintendo has decided to change its logo, as reported by Kotaku who received a kind of funny press release stating that from now on a grey and dull Nintendo logo will take the place of the old red and fun one. And this is a decision hard to believe since the last things you can associate Nintendo with are seriousness and boringness (just think Wii or Mario).
Also, I always believed that if you decide to change a logo, you will change more than just the colors, even if the logo colors do matter a lot. Still, no matter what, the new grey Nintendo logo is simply not fun and I do hope the company will reconsider. I’d hate to see Mario with a grey cap in the future…