Well I spotted this a couple if days ago and finally got round to flashing it today, there are two options, full and lite, the lite version is under 900mb! I chose to try it and it is seriously lite, doesn't even come with Gmail app!
It's packed with the audism(sp?) Kernel which has been fine for me so far and everything appears to be working fine. I'm not sure if I like the boot animation and sound, but these can be changed and it is based on the mga firmware!
I'll report back after using it at work tomorrow but so far I've seen no reason not to recommend a trial run by anyone else!