Should "Home", "Disclaimer", "Terms", and "Contact" be all on one line? For me, "Contact" is on a second line.
The ad placement worries me. The ad placement worries me. The ads seem to be too far separated from the content.
Regarding SEO, which keyword phrase are you focused on ranking for?
I would probably do a bit of PR sculpting by using nofollow links to the disclaimer, terms, and contact pages.