I recently recompiled and released DashSaver as a Universal Binary. It now will run fine on Intel and PowerPC computers.
Go give it a download. There are still two major feature requests:
- Secure screensaver - when 'Ask for password on wake' is turned on, it will hide the dashboard
- Dual Screens - the semi-transparent, colored background under DashSaver won't show up on the second monitor
Update July 30, 2012: I've compiled a version for 10.6 and higher that you can download here.