Try this package:

http://z.drun.net/packages/gpicview_0.1.5_armv5tel.ipk

I hacked it a bit, so it opens maximized, because otherwise it could not fit the screen

if you want to open it on click (at least in Rox filer), change this entry
/usr/share/Choices/MIME-types/image

and replace gqview with gpicview


Works great so far. It loads faster(2s vs. 3.5s for the same picture), has a much cleaner interface than gqview. Of course it has much less features(which I don't use by the way). I love it !!!
Thanks a million