I've just tried to test all Google Reader scripts since it's late 2011 update and this one is the best, even with the glitch that makes me lose ~3% of horizontal space on the right side - which is nearly nothing compared to the space it's redesigned layout provides.

If you could fix this glitch I'd be more than glad to change my rating from 4 to 5 stars. A script to remove all of the top, non-content tools or a few pointers on how to do it would also be highly appreciated.