Anand, this (script free) is a vast improvement precisely because it is a return to the web as it was intended, which is to say a giant collaboratively maintained hyperlinked document, not a multimedia wankfest. Ornamentation for the sake of ornamentation (eg the blue fade) is just bandwidth wasting junk.
Some branding is a good thing; it tells you you're looking at (for example) official MS documentation. If I were designing this there would be a Microsoft logo watermark top right. When I say watermark I mean it in the classic sense: quite faded so you can read content over it but also fairly big, like a watermark in government letterhead. It should be background non-scroll, along with any other useful branding such as the msdn logo. All the branding should be watermarking, so that the entire window is available to content.
This is clearly the direction you're considering, and I applaud your efforts - in particular, your exploitation of the entire window instead of fixed width (like this one).