OK, here's a couple of points from what I've gathered so far:
1) Zeno's argument essentially revolves around the concept of distance as being infinitely divisible and therefore infinite in its own right.
However, if motion is an illusion then it stands to reason that all ideas/concepts that are connected to/created by it must also be part of the illusion, for they are influenced by a false phenomenon. Zeno presents distance as being intrinsically linked to the concept of motion (as a yardstick by which any possible motion may be measured), using the former to discredit the latter.
However, if motion is illusory how can any perception of it - including those regarding distance - be reliable to prove anything? His logic doesn't convincingly portray distance as any kind of solid source of information - in fact, his stretching of the parameters of distance suggests the very opposite. Is he not therefore essentially undermining the validity of the very material on which he has based his claims? For if he's right, his entire argument is based on false ideas and is, arguably, itself illusory by its very nature.
2) Zeno infinitely divides the distance to the bus, and it is perfectly logical (In a purely semantic sense) that each of these divisions represent infinite distances. However, the fact remains that for these fractions to retain their logical integrity the first distance (i.e. that original distance from Homer to the bus) must remain constant: otherwise, the fractions lose all meaning.
After all, what is a fraction? A part of a clearly defined whole. If there is no whole, there is nothing left for the fraction to be a fraction OF, and it by definition ceases to be a fraction.
Zeno's paradox works on the assumption that becuse the fractions can be extrapolated infinitely, the distance itself extends into infinity. However, this idea doesn't take into account the basic nature of fractions, which require a set and constant amount to be part of. Zeno treats each fraction he divides from the original distance as if it were an individual stretch of distance in and of itself, when by definition they can only be seen as a slice of that very first distance, which has not actually changed - all that has changed is Zeno's perception of each fraction's relation to the whole, i.e. as somehow causing the length of the whole to somehow grow. This, however, clashes with the notion that the fractions are infinitely divisble, for to change the overall distance nayturally changes the nature of each fraction.
This also challenges his second problem, as claiming that being able to halve the first distance negates that first distance completely is putting the cart before the horse. Like I said before, fractions cannot exist without a whole to be part of, so to say that the fraction makes the whole impossible can only make the fraction itself impossible in turn, leaving us with nothing.
Overall, Zeno's argument, like most paradoxes, is an exercise in the most clinical of logic; however, it essentially quashes the very principles on which it builds itself, a paradox of logic eating itself...
...At least, that's what I think (Anyone still reading?) I'm glad Zeno found a job that suited him, 'cause he'd have made a really crappy ambulance driver:
RADIO: Vehicle 42, we have a cardiac arrest at 85 Elm St, please proceed-
ZENO: Sorry Base, I can't do that.
RADIO: Vehicle 42, please repeat your last statement.
ZENO: I said I can't go to Elm St, Base
RADIO: Vehicle 42, are you experiencing some kind of mechanical difficulty?
ZENO: Nope.
RADIO: Well, what's the problem then?
ZENO: Motion, that's the problem. It's impossible.
PAUSE.
RADIO: Sorry?
ZENO: Motion. It's impossible, you know.
RADIO: Vehicle 42, I'm sure I don't have to remind you that this is an emergency situation-
ZENO: Think about it. Elm St from here - it's what, 2 or 3 k's? Well, you can divide that couple of k's into an infinite amount of finite distances, which must take an infinite time to travel and can therefore never be completed...
RADIO: Vehicle 42, scrub that job. Fucker just died on us. Please return to Base for a good kicking.
RADIO CRACKLES OFF
ZENO: Can't do it...
Arf arf