And how would you feel after watching a three-hour show with all that red around it? I can imagine wanting to kill someone before too long. We want to focus on the contents of the frame rather that on the frame itself.
Still, it's a nice, clean arrangement, with the menus in the right location, and it solves a couple of problems with the current layout. But what I really want to see is a layout that doesn't have a fixed width. We've got a lot more width available to us nowadays. A web site should be able to take advantage of it when a visitor maximizes their browser.