So I did a test run last night and this morning. I had a few buggy sorts of things. I DLd the unthemed, flash and everything went fine. I only wiped Dalvik and cache (not sure I want to factory for a test drive). Boot ani is pretty slick, love the chevy toolbox, it's a nice addition to the others I use (ROM Toolbox is still one of my faves).
So a couple of issues I ran into:
1- ROM Manager dissappeared. It was still installed but the icons were "android" and it kep[t FC'ing. I un/reinstalled from market and it continued to FC.
2- Gmail FC'd several times. I reflashed gapps, but that did not resolve the issue. there were a few few random android processes that kept fc'ing (sorry i didn't make note of them, it was late).
3- Using CM settings I could not get the clock to not be shown, and I couldn't get the battery percentage setting to turn off. (resulting in having a clock, a battery icon and a battery percentage all in the notification area; very crowded).
4- I reflashed the ROM this morning and the same issues were creeping up.
I am going to DL a clean copy to my PC and put it on the card and reflash today. If those issues are persistent I may wait to try an update. I like the ROM. It's fast, and it has my favorite settings from CM7 and some great tweaks and tools. This one could be a great substitute for stock CM7, especially once the GB kernel things gets further development.