I've totally rewritten an old jQuery plugin I made some months ago, it was called jQuery miniscroller. Code now is better, cleaner, simpler, but I wanted to cut off some feature like the vertical sliding to keep it as simple as possible. The good part is that I've added a cool feature
like the "monitor", a list of "bullets" showing the current sliding item.
Here is a screenshot of a demo:

The new plugin name is jQuery minislider, go to the plugin page for more info, demo and download.