[CSS|JS] SWFObject: Unexpected Padding

Gents;
Using the (now) letest version of DeConcept’s SWFObject, I’m trying to embed a banner on top of the nav bar. The problem is that with the exception of MS IE (bleh) undesirable padding occurs in all browsers. As advised here, I also used CSS Reset to minimize browser inconsistencies.
Anyway, here’s the page for those in helping mood.
I don’t suppose there’s need to post the CSS, HTML, and JavaScript code since the source can be easily viewed with browsers and it’s minimalistic.
Thank you for any insight.