I like the shades of blue used in this design, and the illusion of the right column overlapping the rest of the content.
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From afar I agree this is an eye pleasing design, but up close, I can't help but feel the design is a little basic and rigid. First off, there is no definable logo- the entire header is a background image! The gallery image on the right column is ugly and probably should be broken up into 4 parts too.
Like I said, overall it's a nice design, but I think for a portfolio site, there needs to be more interesting "details" sprinkled within the layout itself.
I am very impressed with the site. I find the color scheme intriguing and the transparencies even nicer.
I guess the transparency on the right is okay, but it's not original. That's really the thing that comes to mind, SEO is okay, no logo is okay to, no problems there. It's just not original, a bit static.