Smartphone Thoughts had this item up today and it looks pretty good.  Mike indicated that V2R had recently released an upgrade to their Photo Dialer and that this version adds an improved user Interface, improved animation speeds, and support for call history.

Photo Dialer 2 shows you a "list" of your Photo Dialer people with their photo's in your Home screen. In order to use this feature just assign photos or any other images to your contacts.
You can scroll through the Photo Dialer by using the left/right function with the joystick. In the sleep mode the application shows small thumb nails of your favourite people photos.

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