Javascript slideshow/carousel/slider for general HTML and good IE support

I have recently used a JQuery plugin called cycle to create slides of general HTML content in my homepage (www.inspirastudios.com). Everything looked OK in Firefox and Chrome but while browsing the site with a client I got the ugly surprise of Internet Explorer 7 rendering my slides within an ugly gray background. Do you know:

1. how to solve this, or

2. any decent javascript slideshow/carousel/slider library that supports general HTML (not only images), previous and next slide activation buttons?

Nivo slider has all the features that you are looking for. http://nivo.dev7studios.com/

You might be facing the following problem: jquery cycle IE7 transparent png problem