I have decided to make a new thread for this ROM since it is taking a life of its own and I am confident it is at a stage it will be stable enough for regular use.
For those interested, here is the link to the update file:
SH20 Port for IQ - Beta 2
Wifi works, Market works, got Busybox and is rooted.
I have included RockPlayer 1.7.2 for the Armv6VFP & ES File Manager.
Still working in the Framework to optimize the battery settings.
Let me know how it goes