**EDIT** See below for updated Alpha!!!
I just saw this over at XDA-Developers, but I thought you would all find this interesting...
http://forum.xda-developers.com/showthread.php?t=321242
Although it's not quite ready for prime-time, I can confirm that it indeed works on WM5 devices as advertised. BIG shout-out to rathoughts for all his efforts on this! I wouldn't recommend anyone put this on their everyday ROM, but if you want to try it out it's attached below. (Just remove .zip from filename to install) Eventually this should be a great TouchFLO alternative for WM5 users, so keep an eye on this thread and the one above for updates!
Best,
MJB