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Just have the link in the block and enhance it with jquery. It degrades 100% gracefully for anyone without javascript. Doing this with html isn't really the best solution imho. For example:
The Link and Headline
Some more stuff and maybe another link.
Then use jquery to make the block clickable (via web designer wall):
$(document).ready(function(){
$("#div_link").click(function(){
window.location=$(this).find("a").attr("href"); return false;
});
});
Then all you have to do is add cursor styles to the div
#div_link:hover {cursor: pointer;}
For bonus points only apply these styles if javascript is enabled by adding a 'js_enabled' class to the div, or the body, or whatever.