Based on Cristian Rodriguez's SuSE Elegant theme, but supports many more resolutions. Also has small improvements to the graphics.
Get the matching KDM and KSplash themes for a consistent UI.
You can find the original SuSE Elegant theme at http://kde-look.org/content/show.php/SuSE+Elegant?content=117310.
% cd /etc/bootsplash/themes
% sudo tar xjf /path/to/SuSE-Eleganter-Bootsplash.tar.bz2
% sudo vi /etc/sysconfig/bootsplash
In this file, change THEME="openSUSE" to THEME="SuSE-Eleganter". Then finally:
% sudo /sbin/mkinitrd -v
That's it, it's installed. Reboot to see the splash screen.