I think ž would be more like... zhhhhh, like in "measure". It's really beautiful looking, like Elven almost! Sounds Elven too. I wouldn't know how to spell it any different without it losing it's appeal. I'd be jazzed if I heard it... I tend to be jazzed at anything unusual. I wonder how popular it is in Lithuania.
ॐ मणिपद्मे हूं
"Speak the truth; yield not to anger; when asked, give even if you only have a little."
"Live alone and do no evil; be carefree like an elephant in the elephant forest."