Version 1's my favorite, but I really dislike the colors in Version 2. I really don't see anything wrong.
V1 is best out of the three. The blurring is kind of excessive and quite repetitive, not to mention the focal is like...ridiculously huge in proportion to the whole canvas. Add some depth, particularly 2D effects. I can't CnC more than that right now. :/
Text My suggestion: Make it Impact, size...30 Color: White Make a drop shadow, keep settings Add a clipping mask and drag it so that the top left fills the text. Then on the text layer, add outer glow. Make it black, set to normal, and opacity to 85%-100% Let me knows how that works out. (Make sure the AA is set to something other than None)
Depth seems pretty hawt here. I'd have to go with V3. It's my taste, it just looks so good. Colors getting too old now. This form is best with BnW. All you really have to do is crop it more. Your tags are too big dude. Lower it down. And also, just make the text bigger. The shadow one itself is good when it's big. Otherwise, your starting to know your **** man. 1337 is on your way.
Definately V1 is the best. The only two things I see wrong with it is it could be a little less blurred and the text is meh (but I have no place to talk in that department).