Laggy: Do you have 7 screens? I think minimizing that to 5 or less has helped others. Also, go to the app called "Spare Parts" and all the way down at the bottom, there is a setting "Home app in memory"...I checked that and it did help. I also turned auto rotation of the home screen off so that may be part of it.
Applied both of these and we will see.
Wallpapers: Are you using 5.0.4.3? I have a bunch of wallpapers to choose from. They were missing in previous releases.
Was using 4.2 for some reason thats what i downloaded
so 4.3 is stable? If so thats a easy fix.
Overclocking: The 1.2 is pretty nice and really stable for me (without JIT enabled)
Get Your Koush Overclocked Kernels Here
Checking this out right now. For some reason i think my droid runs better at 1.2 
WiFi:
Downloads - android-wifi-tether - Project Hosting on Google Code
Downloaded this right away!
Lockscreen looks stupid? Do you have a theme applied? Check this out...great metamorph theme.
[Mm Theme] Hexfusion_Cyanogenmod - CyanogenMod Forum[/QUOTE]
Can i use MM to apply this like before?
The only thing i dont like about it is how where it is supposed to say "Verizion Wireless" mine says "Roaming Indicator is off" I think this is because im still on a old alltel plan. And Hexfussion is what i was using before so good to see a link for it.
And last but not least thanks for the reply. Some things you just dont know unless someone tells you....
Cant tell them if they dont ask right?
So i will apply all this and see what happens.