zembor0 has released PS3 Dynamic Theme Editor v2 for Windows, as well as a complete tutorial:

How to create a custom dynamic theme

You will need:
1. Dynamic theme editor
2. Photoshop
3. Photoshop dds plugin Available Here

In this guide I will show you how to make this:




Guide:

    Run Dynamic theme editor and select Price of Persia


2. Select "open" under step 2. This will show you the folder of images that you can edit. In this guide I will edit “CircularSmoke_01.gtf_1” and “SOT_Theme_BackGround.gtf_1” and “TrilogyLogo.gtf_1”. Simple open photoshop, open each image in turn and copy and paste the provided images bellow into each dds file. You need to past it on the RGB layer and the alpha layer.

TrilogyLogo.gtf_1
SOT_Theme_BackGround.gtf_1
CircularSmoke_01.gtf_1

When you save the dds files, for prince of persia, use these settings: (If you get an invalid file size error make sure you have not changed the resolution of the picture and make sure when you save the picture the file size stays the same(You may need to change the MIP Map Generation))





If you want to change the icons in the xmb click the open button next to step 3. You can then edit the png files. Don’t change the resolution for format of the image.



4. Now click the theme details button and change them as you like.



5. Click the browser button and select where you want to save your theme.
6. The Prince of Persia theme that wee are editing has lots of other pictures that wee have not edited, so wee don’t want to show them. This is where wee ick which effects wee want to remove. Tick them as shown:



7. Finally press start, you should see a black bock pop up at the bottom of that it will say “press enter”. So press enter when prompted. Now you should have your theme in you save destination.


Download 32bit:
Megaupload

Download 64bit:
Megaupload


News Source: psx-scene.com



Note: These .pt3 themes are compatible with both CFW and *OFW !  
*(if included in a theme) Custom coldboots will not show up on OFW, but the themes work other than that.  ;)

(This post was last modified: 09/04/2011 09:00 PM by Mr. Shizzy.)

WAUW! its no full flash theming thingy but i always wandered if this was possible,.. awesome!

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poo poo the links to this are dead
=(