Believe it or not, I don't find that annoying either. It was a gear looking thing, it still is. Never understood this all the sudden obsession with icons.
Actually, if they just magnified the icon they use for "General" within Settings and used that, it would be fine. The current gear-within-a-gear look is ugly, IMO. And I guess the reason there's a sudden obsession with icons is that we've suddenly been presented with some pretty ugly icons.