In answer to your question, in my opinion - yes. I envisage the name vzio.com being larger ( X2ish) and sitting on the top line of the graphic. Then you could a add 'Web Development' below in white on the graphic.
What bothers me is the way the top box, holding the graphic, sticks out either side of the white panel below creating a 'T' shape. The date August 21 2003 I think would be better in one line.
Also I feel that the navigation text above the graphic would benefit from a rollover state ie colour change, offset or such - you know what I mean.
But hey, all this is, of course, subjective. I look forward to reading other comments.
Cheers.