I never said there was an issue talking about. But since we're talking about it, I challenged people who were critical to come up with a better one because I can flip your statement and say I don't see why anyone is so critical of the logo.
As you said, it's trivial but everyone wants to be a critic about it.
As someone who's been involved in graphic design, and I'm sure others can attest, you make what your told. The graphics people were probably told to keep it simple. IMO, not every logo has to be grandiose.
Colors, lines, font all play a factor. Blue/Green conveys tropical/water. The font looks like a retro/tiki vibe. It works. Could it have been better? Sure, but I like it. The simplicity of the logo may be a better pay off for merch.