Just insert the following code into your template.php in your theme...
<?php
function phptemplate_username($object) {
if ($object->uid && $object->name) {
// Shorten the name when it is too long or it will break many tables.
if (drupal_strlen($object->name) > 20) {
$name = drupal_substr($object->name, 0, 15) .'...';
}
else {
$name = $object->name;
}
if (user_access('access user profiles')) {
$output = l($name, 'user/'. $object->uid, array('title' => t('View user profile.')));
}
else {
$output = check_plain($name);