I like how the W is pointed like V on one side then becomes curvy to create the shape of the wine glass. The design repeats this contrast of curved lines with straight pointed lines and they work together well.
The black and white look refined, but I sort of wish there was more colour.perhaps wine colours? The glass element in the W is, of course, fantastic. Part of me wishes the text was thicker, though perhaps that would take away from the glasses.