Nova launcher would be the closest to getting lollipop look and feel
I am just returned from Lollipop at Kitkat, too many bugs. therefore i reconfirm allAnd, within it, you can set the icon style - so I'm pretty sure you can have Lollipop 'Material' icons. Its certainly a better (and safer) bet than actually using 5 / 5.0.1 / 5.0.2.