If you can get hold of a mag cover cd with an non current version of Serif Page Plus, it includes a logo maker within the software - I think it's called logo plus or Dr Logo or somesuch. It is a desktop publishing program and one of the ways they market it is to release a version that is two or three releases out of date to the PC mags with a "special offer" to update. It's not a bad prog either.
The Serif product range is as you say, not bad. However I was rereferring to the specific logo creator that is part of Page Plus. You start a new document and the tool bar has an option to add/create a logo within the document. It's the one thing I miss since switching to Publisher.