I think resistance exercise, especially crunches, will help you. It will add muscle which will help burn fat where you don't want it. http://exrx.net/Lists/Directory.html Muscle burns more calories per day, and it will help with shape. It will also help you put on lean mass on your arms and legs.

I also want to tell you, don't be ashamed of your stomach. Your body is normal. Instead of hurting yourself, do situps once every other day, then feel like you did something productive about it.