Any idea on the white space?
Well, at the risk of offending you if you happened to be the author of this template, the template's engineering is extraodinarily flawed. I'm not just talking about non-standard, deprecated and obsolete markup (which aptly describes nearly the entire page of code). I'm talking about <style> tags in the body, rows of empty cells and lack of doctype - no wonder though, I don't think any doctype could describe this.
I point these things out specifically because the element being styled in the wrong section of the page happens to be <td> - and such seriously misconstrued markup could be causing spacing issues in your table cells, as browsers will react unpredictably to this. More likely, however, is either the row of empty cells at the bottom or the spaces within the <td>s in the row above. IE in particular has been known to have problems with empty cells, so get rid of that row.
My #1 guess is the spaces in the <td>s. Instead of this:
<td> <img src="images/spacer.gif" width="1" height="34" alt=""></td>
try this:
<td><img src="images/spacer.gif" width="1" height="34" alt=""></td>
and make sure this is correct in every single cell on every page. What's happening is the browser is leaving room for the font's descenders - since it sees a space, it believes it is attempting to render a line of text with an image stuck in the middle of it, and it spaces things out appropriately.
When you're done making these changes, run this through a validator, fast! In all seriousness, you're going to run into some major problems if you don't clean this thoroughly. Just a friendly warning for you!
