Axi0m is probably the best ICS ROM worth checking out in my opinion. Not sure what you mean about internet not working, whether you are referring to the 4g data connection in general or if you meant wifi, but 4G works. Wifi should too but I know I've seen people talking about wifi disconnecting a lot on the ICS ROMs so I'm not sure how Axi0m is about that, I never put my phone into wifi mode.
Like New Rising though, I got a little tired of not having hardware acceleration and a few other issues, so I'm just back to using Eclipse 2.2 for now. You have to make some pretty significant sacrifices if you want to use ICS right now. I felt weird owning a Bionic but never being able to really play a game or watch a flash video. The developers of all the ICS ROMs are working almost every day to figure the rest of this stuff out so I'm not saying it's their fault.
If you mainly call text and browse you'll be happy on an ICS ROM at this point. If you want the full functionality of your Bionic then just hold on a little longer.