Finally the first vBulletin 3.5 Skin is here!
What's new in the vBulletin 3.5 Element Skin and future conversions ?

Skins are Valid XHTML 1.0 Transitional and W3C Valid CSS
All skin Text elements are Phrase based for easy translation
Categories spacing can be controlled in CSS
Navbar is now controlled using conditional to save unnecessary extra code
Cat Background image now works with 2 lines of text.
Every vBulletin 3.5 code as been kept intact, to utilise the new vBulletin 3.5 functionality
Extra customisable CSS elements: Announcements, Sticky Threads , Search Result (Since last visit), Ajax In-line Moderation.
Firefox, Netscape and Opera and possibly more..... On Focus Navbar Search and Login form (Currently IE6 Does not support Focus and will display the search and login boxes without the new effect)
New Post Preview and New Reply Review templates are now customised.
Postbit element can be spaced using CSS
New 'Element' CSS Spacer to to save unnecessary extra code
Banner Ads Friendly
vBAdvanced CMPS ready
Read the full announcement.