FWIW: it works fine with Calibre Companion and the Reading List plugin, although I didn't trigger any Reading List transfers.
Debug log is:
Spoiler: 
Started up in 2.78 seconds with 2312 books
SMART_DEV (   0.01:  0.011) _attach_to_port try ip address "" on port 9090
SMART_DEV (   0.89:  0.813) startup_on_demand listening on port 9090
SMART_DEV (   0.93:  0.022) _attach_to_port try ip address "" on port 54982
SMART_DEV (   0.95:  0.000) startup_on_demand broadcast socket listening on port 54982
SMART_DEV (   2.00:  1.032) run All IP addresses {'{846EE342-7039-11DE-9D20-806E6F6E6963}': [{'broadcast': '127.255.255.
255', 'netmask': '255.0.0.0', 'addr': '127.0.0.1'}], '{079F0E0A-8581-485F-BE57-EE3E77DEA19E}': [{'addr': '169.254.227.25
3'}], '{850AA568-3020-4789-B1B0-2058B85B1B38}': [{'broadcast': '192.168.220.255', 'netmask': '255.255.255.0', 'addr': '192.168.220.38'}]}
SMART_DEV (  16.21: 14.196) run received broadcast ('localhost', ('192.168.220.6', 54982)) calibre wireless device client (on WALLABY);8080,9090
SMART_DEV (  18.26:  2.028) run attempt to open device socket
SMART_DEV (  19.08:  0.812) reset
SMART_DEV (  19.10:  0.000) set_progress_reporter
SMART_DEV (  19.13:  0.000) open
SMART_DEV (  19.13:  0.000) _call_client GET_INITIALIZATION_INFO wfr True
SMART_DEV (  19.66:  0.515) open App version #: 40
SMART_DEV (  19.68:  0.000) open Device can stream books True
SMART_DEV (  19.69:  0.000) open Device can stream metadata True
SMART_DEV (  19.69:  0.000) open Device can receive book binary True
SMART_DEV (  19.71:  0.000) open Device can delete multiple books True
SMART_DEV (  19.72:  0.000) open Client device kind Galaxy Nexus
SMART_DEV (  19.72:  0.000) open Client device name Wireless Device: Galaxy Nexus
SMART_DEV (  19.74:  0.000) open max_book_packet_len 4096
SMART_DEV (  19.74:  0.000) open Device wants UUID file names True
SMART_DEV (  19.77:  0.016) open selected formats [u'epub', u'mobi', u'azw', u'azw1', u'azw3', u'azw4', u'pdf']
SMART_DEV (  19.79:  0.000) open extension path lengths {u'azw1': 38, u'azw3': 38, u'azw4': 38, u'mobi': 38, u'pdf': 38, u'epub': 38, u'azw': 38}
SMART_DEV (  19.80:  0.000) open cover height 160
SMART_DEV (  19.80:  0.000) card_prefix
SMART_DEV (  19.83:  0.015) set_progress_reporter
Job: 1 Get device information started
SMART_DEV (  19.85:  0.000) get_device_information
SMART_DEV (  19.86:  0.000) _call_client GET_DEVICE_INFORMATION wfr True
SMART_DEV (  20.11:  0.218) _call_client SET_CALIBRE_DEVICE_INFO wfr True
SMART_DEV (  20.64:  0.515) card_prefix
SMART_DEV (  20.68:  0.000) free_space
SMART_DEV (  20.69:  0.000) _call_client FREE_SPACE wfr True
DeviceJob: 1 Get device information done, calling callback
DeviceJob: 1 Get device information callback returned
SMART_DEV (  21.00:  0.312) set_progress_reporter
Job: 2 Get list of books on device started
SMART_DEV (  21.03:  0.000) books None
SMART_DEV (  21.07:  0.016) _call_client GET_BOOK_COUNT wfr True
SMART_DEV (  21.38:  0.297) books getting book metadata. Done 0 of 116
Job: 1 Get device information finished
No details available.
SMART_DEV (  24.08:  2.684) books getting book metadata. Done 100 of 116
SMART_DEV (  24.50:  0.421) books finished getting book metadata
SMART_DEV (  24.50:  0.000) books carda
SMART_DEV (  24.51:  0.000) books cardb
DeviceJob: 2 Get list of books on device done, calling callback
SMART_DEV (  24.61:  0.078) set_plugboards
READING LIST: Metadata available: {u'main': {u'device_store_uuid': u'ed8fe3f1-00c7-4d4b-988f-f42f6cc76704', u'prefix': u'', u'device_name': u'Wireless Device: Galaxy Nexus', u'calibre_version': u'0.9.41', u'location_code': u'main', u'last_library_uuid': u'3127fd4f-6e7e-4058-bdd0-7c911eac6456', u'date_last_connected': u'2013-07-28T17:21:18.989000+00:00'}}
READING LIST: Sync Now - force_sync= False
DeviceJob: 2 Get list of books on device callback returned
SMART_DEV (  24.98:  0.358) set_progress_reporter
Job: 3 Send metadata to device startedJob:
2 Get list of books on device finished
No details available.
SMART_DEV (  25.00:  0.000) sync_booklists collection attributes [u'tags']
DEBUG:    0.0 Starting get_collections: on_connect
DEBUG:    0.0 Renaming rules: {}
DEBUG:    0.0 Formatting template: {value}{category:| (|)}
DEBUG:    0.0 Sorting rules: []
SMART_DEV (  25.07:  0.062) _call_client SEND_BOOKLISTS wfr False
SMART_DEV (  25.09:  0.000) card_prefix
SMART_DEV (  25.11:  0.000) free_space
SMART_DEV (  25.12:  0.000) _call_client FREE_SPACE wfr True
DeviceJob: 3 Send metadata to device done, calling callback
DeviceJob: 3 Send metadata to device callback returned
SMART_DEV (  25.59:  0.453) _call_client NOOP wfr True
Job: 3 Send metadata to device finished
No details available.
SMART_DEV (  35.95: 10.343) _call_client NOOP wfr True