Olympic Tower Design for London

According to Bloomberg, Anish Kapoor has designed a public artwork that can be equated to the Eiffel Tower. It will erected in London in time for the 2012 Summer Olympics. Details of the statue included that it would be England's largest public artwork, and The tower will have a two-level space at the top with a restaurant and a viewing gallery, to which high-speed lifts will be able to take 700 visitors per hour.

What do you think of this Tower? It was mentioned in the article that many believe it's crazy to erect such a statue in the middle of a recession. Do you agree? The Guardian is also taking a poll of public opinion of the statue. You can see the results here.