I probably wouldn’t embed the reel in the manner you have. A much cleaner way would be converting the reel into a flash video(flv) and loading it in in a standard flash movie. That way you could stream it instead of making the user wait for the entire movie to be downloaded. Also might be nice to have the actual movie controls.
Possibly centre everything on the page as it’s currently sitting off to the left on my 1280×1024 screen. Nice reel though