Preemptively updated for Android 4.0.3 see the xda thread here. Note version 4.0 is not compatible with MCR until MCR moves to 4.0.3!
With Paul's awesome UI patches here I found the search bar on the stock launcher redundant and space consuming. So I went and modded the stock launcher to remove the search bar in portrait and add an extra row on the grid. I have not changed the landscape view and quite like the result.
Version 3 released with narrow left/right margins.
More Info + options: xda-developers thread
Edited by djmcnz, 26 December 2011 - 07:16 PM.