[glsp]

Here is my variation, which allows for a hyperlinked, language-dependent home:
(in addition to txt_site_name, I've got txt_home, just in case)

{if $location}
<font class="NavigationPath">
{strip}
{section name=position loop=$location}
{if $location[position].1 ne "" }<a href="{$location[position].1|amp}" class="NavigationPath">{/if}
{if %position.first%}
{$lng.txt_site_name}
{else}
{$location[position].0}
{/if}
{if $location[position].1 ne "" }</a>{/if}
{if not %position.last%}&nbsp;::&nbsp;{/if}
{/section}
{/strip}
</font>
<br />
{/if}