That sounds like the same problems their site has, except I dont' see any frames. Plus, there's content in animated gifs, and content in navigation images w/o an alt attribute. Their header image occupies around 25% of the valuable "above the fold" area. In total 50% of the above the fold space is occupied by inaccessible graphics.
I'm wondering if anyone knows WHY these types of programs still use frames. Is it a holdover from SCORM implementation kludges? CBT thinking? I can't think of any other type of application that is still using frames, just these.
On a different note, I wish there was some way to move this thread to "Current Challenges". That may not be an accessability issue, but it's a usability issue. What would be really nice would be the ability to cross tag topics and replies within multiple areas.