I think this was a bug in cart v3.02 featured products module upgrading to the latest version will fix it. It shold be pretty easy to fix if you dont want to upgrade just open the featuredproducts.ascx in the \desktopmodules\featureproducts folder and set the visible property of the modelname control to false.

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At your service,
Dave Smith

Found it, the property was missing from the second control.

Line 61 in (FeaturedProducts.ascx)

Changed this:

<asp:LinkButton ID="hylink" Text='<%# DataBinder.Eval(Container.DataItem, "ModelName") %>' runat="server" CssClass="SmithProdtext" OnClick="btnProductLink_Click"></asp:LinkButton>

To This:

<asp:LinkButton ID="hylink" Text='<%# DataBinder.Eval(Container.DataItem, "ModelName") %>' runat="server" CssClass="SmithProdtext" OnClick="btnProductLink_Click" Visible="false"></asp:LinkButton>

Thanks for the tip!