MathML to HTML+gif?

Is there a MathML to HTML + inlined gifs translator, along the lines
of Tex2HTML for TeX?

It seems to me that this would be a very useful tool to have as a
transition to MathML. One could then build cgi-scripts to construct
dynamic pages, which would either serve the raw MathML or the translated
HTML+gif depending on the MIME types the client browser indicates it
will accept.

This would encourage people to start putting up MathML pages on their
servers without having to worry about who will be able to read them.

Zbigniew Fiedorowicz