I don't think it's appropriate to bring back the Howard Baldwin logo, but man, I think that's about as good as another Pens logo can get. It gave the impression of regality and speed in an elegant triangular form. I couldn't stop drawing it as a kid. That and the Michael Keaton Batman emblem.
I respect each individual opinion on the design (the rest of the jersey(s) was pedestrian), but I sense a lot of groupthink against it for some reason. Maybe it's contextual.
On topic though, I agree it's time for sharper colors, and something inspired by the early 90s editions is the way to go. I think the Capitals, of all teams, really got the modern revival right.