I thought the new typography was perhaps more related to the advent of computer generated artwork. The original drawn typography was manually placed on top of the finished Eddie artwork/magazine headers/photos whereas the modern logo is a computer font and so is more restricted by text line borders. The mid-90s is when PC ownership ballooned and during the lengthy recording process for the X-Factor Steve and his artists likely started tinkering with computerized fonts. Bang, the modern logo was created.