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brainbuzzmedia says

The image effect that preloads the portfolio images in flash on this theme http://themes.5-squared.com/sansationv2/portfolio/web-design

I have seen it on many others but haven’t been able to figure out what it is called.

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Genem says

You can check this image preloader out. Effect is quite similar.

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brainbuzzmedia says

This is really similar to the preloader effect, but it is missing the hover / magnifying glass that the one I posted has.

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digitalimpact says
This is really similar to the preloader effect, but it is missing the hover / magnifying glass that the one I posted has.

You can use that and add something like what has been discussed here:

http://themeforest.net/forums/thread/css-help/25752.

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