This app is called iHome. It's got mixed reviews, but the 3D effects border from awesome to maybe a bit over the top... Still, shows a lot of creativity and potential. This isn't demonstrated on the Droid, but shows that it is available in the marketplace. I've gotten my phone tweaked just how I like it, so I haven't taken the plunge yet to give this a try...
YouTube - iHome Full Magical Experience on all Android phones
YouTube - iHome Full Magical Experience on all Android phones