It took me three clicks before I even saw any photos which is never a good thing. Because of the design, on 1024*768, I then have to scroll down everytime to get the photo framed in my window which is annoying if you just wanna click through all the images.
As far as the layout goes, I'd maybe lose the gradient/drop shadow and make the serif font bigger.
That's fuckin' ingenious, if I understand it correctly. It's a Swiss fuckin' watch.