Nice idea. I like how it looks.
A few things that should be fixed:
Tag cloud: Gray on gray is hard to read on some monitors or by people who have vision problems.
Links over pictures: Once again gray on gray plus transparency is hard to read.
A few things that could be nice to add:
In the navigation: make the links block elements and on rollover make them highlight the whole are area.
Example: http://www.usabilitypost.com/2008/09/04 … ble-areas/
Add another separator between elements in the sidebar.
These are just things that might help but not actually necessities but niceties.
Keep up the good work.