A few days ago I covered some news about a new app called 3DBoard, which created a 3D like effect for your SpringBoard icons. However, our good friend Ryan Petrich, developer of OverBoard, has been developing an app very similar called DeepEnd.
The biggest difference here is that it is the Wallpaper reacts to your movements rather than the icons, which creates a 3D feel and add's depth to your wallpaper. It is rumored that the price when release will compete with that of 3DBoard. Both apps are a similar end result yet work differently under the hood.
DeepEnd is currently still in beta, but for those impatient for the official release, you can try the beta version from Ryan Petrich’s beta repo: http://rpetri.ch/repo/.
Ryan on Twitter: @rpetrich.
Video from iEvolution