You can't see it well from the image, and thats why some people are having problems of what it represents, but when they show it in video form, with the statue turning, all falls into place.
Its the perfect design for an award about videogames. The pixels at the bottom, the low poly model at the middle and the more high quality render at the end, composses all history of videogames. Just perfect.
If the show is as good as the award design Geoff is starting a good new begining.