I like the idea of the symbol and I think the text looks smart - can never quite put my finger on why but it has that modern look that so many seem to have these days of which I'm a fan.
The thing that sticks out at me though is that I feel as though the gap between Kyle and the K symbol is too wide, it just feels like it's gaping out at me like a sore thumb, particularly when the N on the right hand side is tighter to it.
The name comes for me first too.
I really like the idea, however, it still does look like a P if you're looking at it without reading the name.
What Deadwarp said there about changing the shape of it helping the balancing. I agree with that, the footprint of the whole thing is pretty huge?