Is Cycling transparent PNG's in IE impossible?

Is Cycling transparent PNG's in IE impossible?

Hey Guys,

I've been working on a site for a client that is supposed to cycle transparent PNG's. I tested the site cross-browser during the build-out but added in the scripts for the fade after it was done.

It was then that I discovered how "awesomely" internet explorer handles transparent PNG files in Malsup's wonderful cycling plugin.

So I googled, and then I googled some more. Every fix I found didn't seem to want to work.

Here's the site: http://www.homemastergroup.com

Can anyone point me in the direction of a still-relevant tutorial for fixing the PNG issue in IE?

I would definitely appreciate it. Thank you in advance!

PS: Bonus points if you can tell me why the navigation text isn't showing up in the drop-downs!