This is a "retouched" bootscreen for console (FBConsole) which recalls RedHat 9 style. Anyway I recommend it not only to this distro's lovers, 'cause it's very nice and relaxing. It's based on RedHat 9 BlueCurve default background with some more vivid lights and a pratical console board.
In order to make bootsplash work on Redhat systems, first of all you have to apply a kernel patch and install some utilities.
You can find all documentation about, in following URL:
Later, you have to click on "Kernel stuff" link, download patch (ftp://ftp.suse.com/pub/people/stepan/bootsplash/kernel/bootsplash-3.0.7-2.4.20-vanilla.diff) and follow instructions..
Then, in "User space stuff" link, download scripts/utils, and follow instructions..
It will cost about 20 minutes of work, but I grant you it is worth di effort ! ;-)