Just a note...
IF any of you are using GIMP on Windows,
"Although GIMP supports .xpm files, the Windows 32 port of the Gimp saves in an .xpm format that is NOT compatible with GRUB."
so if you did this and are getting that blinking _ , go here
heres my splashimage
Also, i dont think color blue/black works after using splashimage
i might be wrong tell me if i am