The splash screen wasn't much of a big deal. Just decide on a image to be used as the splash and when the game starts Blt the splash onto the primary surface until the user presses the center key. When he presses the center key, the splash is erased and the usual game logic executes and the game sprites are drawn. Here is what the splash screen looks like:
Binged for some random image and used MS Paint, Irfan View and IcoFX to add the text and the water droplet effect.
Updated TODO List.