Actually, the icon was created by the guys from Softfacade (http://softfacade.com/) who are well-known as one of the best icon designers in the world...
Pshaw! The icon is very professional. It looks like a physical representation of a T key form the soft keyboard and is representative of the app's function. Don't change it into yet another document with pen cliché piece. If you like it, and only one person doesn't, then there's nothing to see here. Move along. :)
I think the problem is that when you scale the icon down, the key metaphor gets lost. I also thought it didn't look too well and I never realized it was supposed to represent a key until I saw the 512x512 version.
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