I just love the simplicity of the Matador Records site. Clean, quick, well organized and informative. Couldn't ask for much more. It's also nice to see Flash take a supporting role rather than a lead role.
Restraint is a good thing.
Never dismiss a good idea because of poor execution. This is just shoddy dhtml. In general, I agree with Jason that Matador Records is a clean, quick, well organized and informative site. But, being a nit-picker, I have a few qualms based on a cursory observation. Second, the primary navigation on the home page is different than the primary navigation on interior pages.