Start of Frame -> Next Frame isn't a fake loading screen. I used that method in my upcoming game, DroidRunner. Because of the large parallax image (Which takes time to put into memory) and the .xm music it has to load, it works out quite fine. You only see the loading screen for about half a second if you have a fast computer like mine.
Edited by the Author.
Project Progress:
1.: Droid Runner (5% Complete)
Finishing Up Game Engine