You could try Inkscape - Free vector program

Trace the lines with it and make the fills. There are heaps of tutorials on youtube.
This one covers the faded color effect, and shows you pretty much all you will need to know on how to use inkscape
How to Use Inkscape to Design a Logo - YouTube
Also , Inkscape can be found here :
Inkscape. Draw Freely.
BTW I love Ratchet & Clank!!
/// Also, i decided to give you the tools and information on how to do the logo - Its more useful if you know how for future projects! Just jump in and play around

most of all have fun!!!