I rarely take the time to customize my iPhone with beautiful looking wallpaper, therefore, I don't really mind the fact that many of the Lock screen elements hide much of the wallpaper from view. If you're someone who's really finicky about seeing more of your Lock screen wallpaper, then this new tweak has your name written on it.
LockStatusHide is a new jailbreak tweak that allows you to hide the presence of the status bar while on the iPhone's Lock screen. In my opinion, it's not a tweak that works well by itself, but when combined with a tweak like Lockscreen Clock Hide, it can do wonders for your wallpaper.