I think most l33tsp34k kids would understand it, and the smart people also, who are usually older. So only a vanishing clueless group of people wouldn't understand it, who wouldn't understand what a computer in first place is anyway
Besides, if you make the 4 like a hybrid A and 4 (like the left leg of the 4 halfway more down, not touching the ground), both can be seen in it easier. Then you have both leadwerks (which you already have anyway on spot 1) and le4dwerks in google, thus doubling your site hits.
I remember you wanted to make the "WERKS" part smaller earlier too, now you have a good reason to do so (because it highlights the LE4D part), while earlier it made no sense, and just looked ugly.
There's so much good ideas in this logo (although it was my idea, but I borrowed also your ideas), that I will use it anyway in my community work, because I like multifunctional things
And may I add: it's just 1 letter "unrecognizable", while the human brain can recognize words with much more letter garbled, as long the first and last letter are intact. Like f|u1d, c4br0n, s3tnc1l, etc....