This is a simple class that developers can use to implement DB caching throughout their custom projects and plugins.
PHP
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readme.txt
wpcachedb.class.php

readme.txt

Installation:

Just include this file in your plugin or theme. Create the cache directory where you want it and make sure it is writable. Set the CACHE_DIR constant. Presto.

Example usage: 
http://www.mikevanwinkle.com/projects/simple-wordpress-database-caching-class-for-developers/