OK. I believed I solved this problem. In v1.0 or later, Handlebars puts everything in a hash, not just fn. So, everything in the above post still is valid except these two lines:
Handlebars.registerHelper("stripes", function(array, even, odd, options)
...
buffer += options.fn(item);
Hope this helps someone else. Any confirmation is welcome. I feel bad that there is no direct example on this, at least I did not find it.
Regards.