I'd lower the height of the image as you have little content above or below the text. Also lower the opacity of the inverted text (which is meant to look like a reflection) and a very smooth layer mask edging the reflection out IMO
100% agree.
Not a plug: look at the reflection of the title at http://www.webdesignforums.net/vbms/ : it slowly fades out and also starts at a very low opacity. It gives it more of a glass-like look.