Well.....it looks okay to me. Personally I wouldn't have the channel links be blending in that much, I'd have them brighter so they an been seen over the banner. Also there is a lack of a place for the users channel name & the fact that the banner kinda ends after the desktop view (yea there is something there but its near impossible to see). That's what I think of it.
Looks fine to me too and as Dev_J said channel links should not blend in too much and make them brighter so that people can have a look at what's written
It's nice, but I probably wouldn't use red for the text as well. Maybe you could use red with a white stroke, and apply a drop shadow or something. But, the way it is just shows too much red in my opinion!