Review my first jQuery plugin. SliderTabs - The multi-purpose content slider

As my recent project and first jQuery plugin I decided to build SliderTabs (http://lopatin.github.com/sliderTabs). I've been studying jQuery plugins and decided to build this as practice. The first motivation for this was the Sliding Tabs $8 CodeCanyon plugin (http://codecanyon.net/item/sliding-tabs-jquery-plugin/141774) as you can tell by the names. I don't like the fact that such a seemingly simple plugin should cost money so I built a plugin with the same idea of scrolling tabs and I plan to add more and more configurable controls to make it truly a universal content slider.

What does HN think? I'm very open to suggestions and bug-fixes.