There were a couple of Wordpress theme generators out there some time back but i must say this new one by yvoschaap.com is pretty excellent.
With the Wordpress Theme Generator you will be able to generate yourself a unique theme for your wordpress powered blog, the generator’s final output will ensure that your theme is WP 2.1 compatible, widget ready and works on all A-Grade browsers.
Popularity: 3% [?]
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Got a cool one that has all the same bells and whistles but mine has 6 different layouts to choose from. Its at http://www.wppal.com and its from like yvos’s original