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I like it. A few specific points:
The graphics in the "brochure" cloud seem a little off. I'm not sure that the Acrobat logo (if that's what it is) will be recognized by your target market, and that text has a 3d perspective that doesn't exist anywhere else on the page.
Personally I'm not a huge fan of the font for the navigation and headings, but I suspect that's a matter of taste. It works find in the logo, I think it makes the headings a little hard to read.
The vertically oriented photo gallery is a nice addition over the previous version. I'd consider changing the Green "next" arrow to point down or not at all. The "play" style changes orientation from horizontal to vertical. Not to take you too far afield, but a scrolling widget might work there (so that clicking the "play" button slides a new image in from the bottom, dropping the one on top)
As others have noted, the breadcrumb font could be a little smaller.
The text of the white on light blue vertical navigation bar on the left is a little low contrast.
I suspect that's placeholder copy, but if not the copy could use a little work. "If you've never heard of a Grin Party..." seems like a weak opening to me.
