This new name does seem a lot better to me, yes.
Now, my thoughts on the logo: the first thing I get is that it's something I should be reading left to right. Which I suppose is what you're going far insofar as describing the project with a logo. However, what I read from it is "I wrench headless robot". At least, that's my first thought. If you're trying to make the logo a literal interpretation of the project's name, it is going in the right direction at least. I can even see it saying "iota build headless robot".
Perhaps the logo here is a version specific to the nano bot version. What we could do is find some way to make a logo saying "iota build ___", and for any particular version of the project, you fill in the blank with the concept of the project. So, with this iteration of the logo, any project would have the iota symbol followed by the wrench, followed by a stylistically equivalent icon representing the theme, eg a robot.
I'm not sure that the iota followed by the wrench option is the best option, but it's certainly a good place to start. And as for the robot, the way it's standing there, it could look cool to have it be building itself.
However in this case, you also have to avoid accidentally saying "iota repair headless robot", which is what this icon could be conveying because of the connection between wrenches in particular, and machinery like a robot. A different tool, or tools, could be used instead, like a hammer and a screwdriver crossed in an X. Or something.