There are currently no widgets assigned to the right-sidebar, place some!
Once you add widgets to this sidebar, this default information will go away.
This theme also uses the WordPress 3.0 Menu system. You probably see the default stuff you have in the menubar. Go to Appearance -> Menu in the wp-admin (dashboard) and create a new menu.
So this page did to you what Anthem (sorry, Miss Anthem) and Vish are about to do to these guys?
If Anthem had to draw architecture she would be even more cranky than she already is.