According to Jon Hicks, the Opera browser is set to get a new icon, designed by Oleg Melnychuk.
It’s a little happy guy in a red jumpsuit, sporting the a capital O on his tummy. Certainly an improvement over the old one, while still not redoing the entire logo (which I’m sure the darkly suited guys at Opera must’ve opposed because they’re scared of a re-brand).
[Update]: It’s not a happy little guy in a jumpsuit. It’s still a red, capital O. It’s just a tweaked O. Pity. (Thanks Alexander).