All the thumbnail images in the scroller are broken. Looking at the source code the path requested is:
components/com_virtuemart/shop_image/product/Kotana#162_249_8x10.jpg
It shuold be:
components/com_virtuemart/shop_image/product/t_1082_02.jpg
It looks like the module is generating a file name based on the TITLE of the actual product which is: #162 COLOR #249 8 X 10
I'm not sure where it's picking up the word Kotanna as it's NOT part of the description...though, the word Kotana does occur in other places in the website.
Note: I'm running VM 1.12 stable on a Joomla! 1.5.7 Production/Stable