I did the conversion for Muin VS theme. And it looks nice..
The main element here is the stretched background for taskbar buttons. So, make sure to view it using fullscreen without ugly white borders (my browser does that), because such contrast kills the impression.
Shortly – yes, it works. Also I have added feature called “ellipsize”, it replaces characters on the border with nice “…” if text doesn’t fit.
UPDATE: Theme can be downloaded here.