Hey, it's been a while guys. I was originally going to be a greedy idiot and keep this to myself, but I said what the heck, might as well release it. I hope you guys like it because I certainly do.
UPDATE: It has been confirmed that these DO work with Coversutra 2. Just drop the PNG files into the resource folder and rename the file statusItem.tiff to statusItem-BACKUP.tiff to disable the original icon.
In order to apply this, please QUIT Coversutra (if opened) before doing any changes. Go to /Applications/Coversutra.app and Right Click -> Show Package Contents. Go to Contents -> Resources and find the files alternateStatusItem.png and statusItem.png and make duplicates of both files (this will make a backup of the original files) by Right Click -> Duplicate. Now replace my files with the ones in the Resource folder and allow the overwrite to be made (it may ask you for your admin password.) After that, just launch Coversutra again and enjoy!