Using the image for the home page

I agree with everything Gary has just said, but if he has all that out of the way and is really in the "good, now is the time to play with images and colors," for an image like that would not be applying colors that are not in moderation. I would use white or black alpha transparency behind the content areas with the opposite white / black as text, except for things like the site logo and, of course, the anchors.

It is the safest option and allows the image to give you the "feeling" and work for you instead of against you.

Although massive file photos are often more garbage that wastes bandwidth that annoys users than something that adds value to a page. I would classify that image, like most massive full-screen images, as "Not viable for web implementation" and a lack of relevance to the CONTENT.

But everything depends on what your content is. IS.