I made a new release (0.2) that improves rendering- and resizing-speed, allows you to fully customize the looks of the clock (via SVG-files) and offers command-line options for the initial window-size and the refresh-interval.
0.2 release tarball
Over the last few days since the inital release it spread a bit on the net:
its entry at gnomefiles.org
its entry at gnome-look.org
its entry at freshmeat.net
its entry at linux.softpedia.com
Tell me how you like it and what you dislike. If you made a funky new theme for it send me your SVG-files. I'm planning to add further support for themes in the next versions and would like to ship a few good looking skins users can choose from in the future. Also make sure to take a look at the TODO, NEWS and README files.