I like it, it's definitely a step in the right direction. The weight of the H looks a little lighter than the S though, I'd beef it up a bit to keep them looking consistent. The type beneath it I think needs increasing a bit and the actual mark reducing a little, they look a little unbalanced, and I suspect the type will not look great at small sizes.
Thanks everyone, I also agree that the logo is a bit dollar-esque.
So I came up with a new design based on a similar idea of combining the letters but in a different way.
Here's what I've come up with...