looks much better than the old one, however, you might want to clean up and fix the footer, also maybe organize the copyrights all together. And last, the quick registration forms at the very top are very messy looking, it's a great feature, but it takes a lot of space and looks very unorganized. One thing you could do for example, you can use something like this http://www.dynamicdrive.com/dynamicindex17/switchcontent2.htm to hide all those forms and have them show up when the user clicks a "Register" link, just an idea.
keep up the good work.
Good suggestion. However, vbulletin has a feature like this available by default. The collapse feature :p
Example:
The link to collapse something:
<a href="#" onclick="return toggle_collapse('VAR')">
The code that will be collapsed: <tbody id="collapseobj_VAR">
content here
</tbody>