I'll be honest, I don't like it.
First, your website is called Dead Water Productions. Your 'logo' is semi-still waters, but the background is a huge wave, the two together are counter-intuitive. The forums header has the same combination, but the background image of the header has a horrible filter applied to it, making a bad combo, worse.
You could have easily cropped your background, were you to keep using it, in smaller dimensions, the fade you use could easily align itself better with the buttons/links. The border of the background image could be aligned with the content area, as to bring the copyright information up higher and support below 1200x1024 resolutions.
Try to be a bit more imaginative with your logo, while I realize the best logos are very simple, to the point where their silhouette is recognizable, if you're going to have such low contrast between your logo and background, you'll need to add some sort of outline on the characters to make them legible.
If your links/buttons are going to be simple links, why have them consume so much design space? That space would be much more suited to content; given the few number of options you could easily have them juxtaposed side by side, with space in-between them, at the top; perhaps at the bottom as well.