dotcommando,
I like the second site more - however, both a fully functional and look nice. I think the first site would look better if the circles met (a nice clean join between the embedded Flash and the HTML) - the drop down menus on the second site were nice and (sometimes unusually) not buggy at all. I think the first site (because it does not have much in the way of content) needs to make better use of menus / submenus - it all seems a little small and insignificant, put some meat on the bones of that site.
Overall, nice professional job done.
Regards, snapple