I'm still holding off Rooting for the moment, seem to be conflicting things over at XDA about rooting and installing recovery.
There is the simple guides for Rooting and installing CWM or TWRP, then other threads with people getting into bootloops and having to flash recovery via different methods. Very confusing at the moment.
I don't know if it is because of carrier branding or what.
I'll let things settle more before i do it on my One......i'm not a noob when it comes down to messing with the phone (Desire and One X were all sorted quite quickly after i took delivery of them), but i want to make sure all is good before i attempt it, i can't afford to replace a phone if i screw it up.
Oh, and for what it's worth, my ROM of choice will be Ordroid.