I'd like to second everything Glynbeard just said, particularly about the login fields.
First, I really like the logo at the top, that's awesome.
I took another look at FPSOwned forum index to see what's bothering me about the design, and it's that the forum header text (eg. News, Suggestions, Shared Lounge) is smaller than it is on MMOwned. Same thing with Last Post and the thread/post counts for each category. It's a pretty small thing, but it just looks odd to me compared to MMOwned.
Can the text be set to the same size as it is here?
Also, the category headers (eg. News, Private Lounges, The Market) look a bit simple, that should be changed.
Lastly, when you're looking at a thread the poster information is on the left rather than the top. Is it going to stay like that? I find I prefer it on the top, myself (since that's how it is now). There is also the New Threads, Latest Blogs, and Latest Articles at the bottom of each thread, and I don't think they belong there. They look good on the forum index, but not on thread pages. Sponsored Ads- I assume you want ads on every page, but this should definitely be moved somewhere else on thread pages.
For the Tags part at the bottom of each thread, I think that should be moved up to where Thread Tools is, like this.
Honestly, as it stands right now it just doesn't look like MMOwned. MMOwned just has that particular look, and the new style is cool, but not what I expected, and I can't say I like it so far. However, I also do believe you guys are going to refine it some more, i'm eager to see where it goes.