Very nice! It's a great design... but I personally don't like it because of the colors. But that is just my personal opinion.
Negative:
- Color scheme - This is the big one. I just don't like that shade of red and all the pink. But that is personal preference.
- Logo - I think everyone agrees.
- Bottom navigation - Not fond of it

- Login - For some reason I don't like gradients without borders. Try a white inside stroke with low opacity. :\ Not sure. Oh, it could also use a button that you click to login... just for all that are missing an enter key

- The "current" marker (under home) - It could work... maybe try making it wider to fit the whole button and add a little more transparency.
Now we're done with the bad stuff, lets go on with the good stuff.
Positive:
- Navigation - I love the glare! But maybe that's because I'm attracted to shiny things... hmmm o.O
- Folded header - Great look.
- Font choice isn't too bad (other than the logo

). I'd like to see the rest with dummy text... yes I know, I know - you hate it! Too bad!

hehe
- Everything else not mentioned under "bad" is "good" but that's only #000000 and #ffffff criticism... don't get me started with the #808080's

*fake background applause* That always boosts my confidence

Oh, grumpy I'm not gay! Jeez...

Add me on IM, I wasn't home when you im'd me.
Good luck with the template

Luke
P.S. @ Wozzy - Work on the logo still

And personally, I think the nav looked better originally.