Blogs MU Theme: Broken in IE8 & Below

Hi,
Need some help. I spent a lot of time troubleshooting this and narrowed it down to the theme.

My install of the Blogs Mu theme isn't compatible anymore with IE8 and below. IE6 causes a browser crash. In IE 7 and IE8 I got it to load once with an error about "Line 4 c.body" and stated that it had reloaded the tab.

After that, every time the page loads it fails and displays
"res://ieframe.dll/acr_error.htm#mywebsite.com,http://mywebsite.com/"

All plugins are off. I switched to Twenty-Eleven and it loaded just fine. I can log into the dashboard as that is not theme dependent. It's not just my computer either. Ran it through a browser compatibility site with same results.

Thanks!