First off, this all seems very impressive and thorough. Thanks Wugs and Cyber. I've never rooted before, but I think I've done enough research and with this method I'm ready to take the plunge to take ful advantage of my nexus. Without having a lot of knowledge of what I may do once rooted, other than things I can't do otherwise, I'm not sure how much I'll benefit but I want to at least get my feet wet. The main thing I want is the 4.0.4 radios that I've been hearing so much about (and of course tired of waiting for the OTA), so I will wait until you release the next version. My two questions are: 1)once I follow these steps to root "nothing" will change on my phone until I download rom's etc, other than superuser, correct? 2) I'm a fan of Google Wallet and I've read it will now not work on a rooted device until Google fixes "it"...can anyone comment from experience? Appreciate it.