It was actually two days ago that MIUI has released an official theme for 720p display Android devices like the HTC One X, Samsung Galaxy S3, etc. If you are using MIUI ICS ROM on any such device, you will no more see faded or pixelated images. It is a high-quality beautiful theme made by Rebellious Yu, from the MIUI Theme Creative Group.
The theme was originally in the Chinese language. In the unmodified version, there was Chinese in the contacts, messaging, file explorer, theme manager, etc. That is why I have to translate the theme into English before posting it here. Moreover, I have also modified the theme graphically to make it work with regular resolution (480p) devices with equal charm. If you like to know how heavily has the theme been modified, just download the official version and install it.