It's nothing commerical, just looks like some research group at the college who decided to use it as a logo. An angry letter from nintendo would be the height of it, but it's no biggie.
I was guna say why should Nintendo sue, then I saw that photo of that bunch of pompus loosers that deserve to be living under a bridge eating rats for 'brunch'.
Realistically, Nintendo shouldn't sue, unless they decide to employ the hard, cold iron fist of Darth Yamauchi.