This is a ring navigation menu system that can be customized.
The essential part is: the component presents the buttons in some animated or carousel like fashion. Instead of buttons, you could use a set of photographs too. The carousel can have move control or be without them. The buttons are animated and moving around. All the effects are very likely to hold the interest of visitors to your site. However, the animated buttons move around in a fashion that makes catching one of them a little difficult. This can be customized of course and made more comfortable for visitors to pick one of the buttons. The XML configuration file will let you set lot of other parameters too. There are something like 110 settings that you can play with. The package you download for trial or eventually buy includes FLA, SWF, HTML, XML, JS, PSD, complete source file, etc. The Flash version is Flash CS3, Flash CS4 and, Flash CS5. The component will play on Flash player 9 or later. The code packages are available for AS 2 as well as AS 3.
That should not feel overwhelming. It is easy to understand and can easily be set, according to your needs, within your flash project or as stand-alone embeds in your HTML site. While beginners probably will do well to stick with defaults and the parameters that are clearly understood, experienced users can really fine tune things. This is a reasonably nice and interesting navigation control for your site.