When you click on the home screen, a little heart and such pops up with an animation. That's all (lol), but it's cute. It is a bit austere, so you can set any image you like as a background.

(To set up a Live Wallpaper you need to do as follows)
1. Tap and hold on an empty place on the home screen.
2. Select Wallpaper and Live Wallpaper from the opened window.