I found this POS over at Creative Minority Report, who evidently got it from another site. One of the commenters divulged that they'd contacted Pepsico which claimed it was only a "suggested" ad from a consumer. Since it carries the Pepsico logo the commenter urged them to take action. Works for me! If it were a "suggested" ad targeting Islam you can bet they'd be on it like white on rice.
For those who care to contact them; http://www.pepsico.com/Contacts.aspx
UPDATE: Evidently Pepsico had more pull concerning this thing than originally thought. Here's a link (http://catholicvote.org/discuss/index.php?p=12096) going to Catholic Vote where it's mentioned the video was actually part of a contest the company was running. They've pulled it in response to all the negative feedback. Should never have gotten that far.