I emerged media-gfx/splashutils-1.5.4.1 (plus
media-gfx/splash-themes-gentoo-20050429). I'm on kernel
2.6.24-gentoo-r8 (non-genkernel) with uvesafb and "Support for the
Framebuffer Console Decorations" enabled.
USE flags for splashutils: fbcondecor gpm mng png truetype -hardened
The splash shows up, but there's no animation in the progress indicator
bar and no splash messages (like the live CD has). Just a static image.
(Fade-in and fade-out works though).