Finally managed to update Austere theme for both Drupal 5 and 6.
It took awhile because i kept messing up the CVS tagging and branching, hence the big jump in the version... yikes! sorry. Really need to get my head around this damn CVS. I should be reading more of the Drupal Handbook.
Anyway, many thanks to Francis Pilon (of Raincity Studios) for cleaning up the code and making it conform more to Drupal coding standards. Read more about Austere theme for Drupal 5 and 6 updated