Check out the bubbles live wallpaper!

[livewallpapers]

Product page & youtube:
http://popboxstudio.com/wp/products/bubbles/
http://www.youtube.com/watch?v=9Zd1_CqEa4E&feature=g-upl&context=G2348aaaAUAAAAAAAAAA

Android market:
https://market.android.com/details?id=com.popbox.bubbles.pro