ADW Launcher has been successfully installed on my Pocket eDGe and I am happy to say, it is compatible. You can even add more icons, by increasing the rows and columns. I just made a YouTube video displaying the Launcher and how to revert back to the original home screen, if needed. The video is currently uploading, but I will provide a link very soon. ADW Launcher is more responsive on my eDGe than it is on my phone. Although my phone is a crappy low-end LG Eve, hacked with Android 1.6(originally ships with 1.5). I will post the APK files online for those who want to experiment with this Launcher, as it is only available on the Android Market.

UPDATE: YouTube link: http://www.youtube.com/watch?v=eLlBXXf_fTI