Well, yes
I have to say that doing it for the Torch 2 is much easier because the icon size is the same, Doing it for the OS 5.0 480x360 HVGA Devices, I have to resize the icons again
This is REALLY GREAT!! But ... Where is the Universal Search icon? I know Universal Search can be accessed by simply starting to type, but if the options are changed to "Application Shortcuts" then there is no longer a way to access the Universal Search (from teh default Theme you can get it with the magnifying glass ....).