Well since that is the "account" page it makes some sense. The only better place for it may be on the tab itself (replace Log In with Log Out).
The problem with putting it on the log-in button is that this now serves as the "account info" button.
Seams llike it could either bottom right (right of cruises) or where the top right SyMiles is (and shift that entire line left).
Personally, I consider this one a little more use surely than the lack of a homepage login which others have complained about.
BTW, anybody catch the facebook and twitter icons bottom left? I want to puke