A couple of (non-menu) points I'd like to toss into the discussion of a site redesign:
Fonts (peeve): Please, please do
not change the font size of body text. If you (Morrus) think the text is too big, then change your
browser's font size. If I set my browser to display 32 point fonts (e.g.), then I expect web sites to have 32 point fonts. This is particularly crucial for people with poor eyesight.
Also, using white text would help, as would having a solid black background for body text.
Furthermore, the <font> tag is deprecated, outmoded, obsolete. Use stylesheets instead. In fact, you really don't even need tables to accomplish the layout.
A layout I like (provided you ignore the colors) is
A List Apart.
It would be helpful to have a more obvious partitioning scheme for the day's news. As it is, it is a nearly solid lump of text. I'd suggest ditching the bulleted list, and instead use headings.
Slashcode, anyone?