I mildly dislike it, it's fat (looks like Bill's backside) 
and I don't like the yellow, if simple is the key, just stay with blue and white.... 
to be fair, with all the new gizoms (phone, ipad, tv, pc, laptop) you need a simple and stream lined badge, 
the 1991 badge was too complicated... 
and if we look at the badge as a logo, you can't get away with Everton, two crests, a tower, 1878 and Nil Satis Nisi Optimum on the same plate.. 
so, get rid of the yellow, and contract it 10% ( Bill needs to slim down as well, so it's a win, win situation .. 
and the new badge will be ok 
Cheers!