Find and Remove:
<span style="font-family: Georgia,
font-size: xx-large;">', $context['forum_name'],
To remove the forum name.
As for the red boxes where the buttons are, just go to your admin cp and go to "Current Theme Settings" and uncheck the box that says something like "Show buttons as images instead of text".
I was thinking for some reason when I released the theme that it would already have the box unchecked. I guess in a future version I will just remove all the references to the images. Firefox doesn't show missing images, so I didn't quite realize it until now.