I like the blocky-ness to this layout. Though at first it comes off as little cluttery looking, I find myself liking the way the navigation is done. The small black line with standard nav items and then the larger more central nav items under that to stand out more is a nice way to accomplish putting a lot of nav in one place. I also like what they’ve done with the logo, mouse over it to get the “home” link. Cool.
From the Designer: Federation Square is the heart and soul of Melbourne. A modern piazza, home to major cultural attractions, world-class events, tourism experiences, restaurants, bars and specialty stores.