it does not boot.
this probably means nothing, but I tried to build using the iproj source you mentioned. I couldn't get it to boot, but while looking through the configuration, under board settings the display selected was some sort of HD display driver, there was another option some sharp wvga screen was available.
then under another section (something about graphics drivers i think), the lcd driver had none selected as the option which may explain lge.lcd=null. then again I dont understand building kernels very well so this could be completly useless