Very nice. You guys are still very active in development and on the forums, so it would be nice to see that activity reflected on the homepage.
Here are some things that I like about the existing homepage:
1. Big green download icon -- can't miss it, and I know that's where I go to for the latest download.
2. Official news -- I like the fact that you include the most recent announcements on the homepage, since that's another way I can easily doublecheck my version. A lot of other websites hide the news onto another blog / news page further inside the website, but yours is immediately shown.
3. Simple & Fast -- It's a very minimalist, fast loading homepage.
Here are some things that I think can be improved:
1. Techie Speak -- I know you guys are developers, but I think maybe you should play up the "Endless Features" and make it more prominent. Your descriptions are very heavy on the geek talk. "written in PHP using GD or ImageMagick as image library with a MySQL backend." "Web Server + PHP + MySQL + IM/GD = CPG!" If you look at websites that (in my humble opinion) are comparable to yours like GalleryProject.org or SMF, their descriptions are simple and plain for every day / non-technical people.
2. Pictures & Colors -- more color! more photos!
Also, if you're planning on doing a site refresh then I hope you'll update the plugin page as well!