It seems a bit off due to the side bar gadget from the 8GadgetPack I use as you note the main taskbar was turned into a giant Quick Launch type bar there and to mesh with the dual display set up here I use the sidebar for monitoring and quick access to system functions when the primary is taken up. Other then that the concept is there while the tweaking to get just the right blend is where the effort has to go in.
When I get a chance to capture some more visualizations from WMP that will help as far as coming up with some rather unique effects! Have to capture screens just at the right second there however to be able to work with them.
I have had several screens already since 7 was new I had made up only the 7 logos instead. Some looked like wood working had taken place with the way a single image file being inserted would be mirrored creating a wall of... the same. Made it look like a city block from an overhead view!