I was approached to convert a photoshop layout that used non web safe fonts to a website. Read the full convert psd to xhtml article on my blog. The following is an example based on how I worked around using a simple unordered list with text links and used css and php to style the text to match the graphics used in the photoshop layout.
Download the source code and images here
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Feel free to use this or modify it as you wish, a link to www.ellis87webdesign.com/blog/ would be nice.
Go to my Web Design, SEO & CSS Blog.