I would like to know can this jQuery Script do transitions on <Divs> ?
That is what I wanted to know, thank you 
On page http://jquery.malsup.com/cycle/, under the demo images they have this line.
Images are used in these demos because they look cool, but slideshows are not limited to images. You can use any element you want.
Check out there demos section, you’ll find some thing or read through the faqs and documents.