Hmmm, Kageka, you mention something I hadn't given enough thought to: the malicious connotation of the cobra. I still think it could be cool, but you're right, a faction might not neccessarily want to be associated with that symbol.
Yes, it will definitely be the mod team who will decide; after all, it is their creation. Based on everything I have seen so far, I am sure the faction symbol for Krishnapur, will look very, very good- in fact the second elephant design is already there, I think.

Yeah, Captain-Tiguris I am amazingly courageous on virtual battlefields , but even I don't like facing pachyderms. If my enemy has 'em, I almost always lose, and there isn't much left of my men to bury...