This is what @britoso did:
decompiled,
changed the package and app name,
removed LWPs that install by default,
rebuilt,
signed

Works great
Possible issue and fix: There may be an issue if you have the "system.persistant" feature of the ADW Launcher on, turn it off and you're fine.

updates:
1)removed unnecessary images too, file size now 1.1MB
2)added Blue, Cyan, Green and Golden eyes!
3)added a blue eye version with alternate background.
4) 7/15/10, added grey version by request.

Screenshots:




To uninstall:
Code:
adb uninstall com.android.wallpaperx
install as normal.

MediaFire Links:
[blue]
http://www.mediafire.com/file/zmjnmv4dy ... signed.apk
[cyan]
http://www.mediafire.com/file/ymn2hi2mm ... signed.apk
[gold]
http://www.mediafire.com/file/ndwjrnynd ... signed.apk
[green]
http://www.mediafire.com/file/kjljymmen ... signed.apk
[red]
http://www.mediafire.com/file/kjljymmen ... signed.apk
[blue-alternate bg]
http://www.mediafire.com/file/3hyjkmkmi ... signed.apk

[grey]
http://www.anonym.to/?http://www.mediaf ... igned.apkk

Here is a video by myghtymouse19 showing all versions on an EVO: