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If you get the link text into the HTML and just have some sort of onclick/onmouseover event that's better at least the link text is in the HTML..
And even more nicely Pure CSS menus should work well for SE's because the HTML (linktext) is totally uncluttered.. (Note: They do require IE users to have JS swtched on, but the spiders still get it..
a JS/CSS Hybrid is the friendliest way IMHO
Suzy