The LTE gnes is AOSP supported, so "we've" been on the lastest and greatest android versions in a matter of hours after Google releases to AOSP (android open service project). Probably before 90% of people have the Nexus device that it was released on (N7, N4/N10). Unless you cannot unlock/root for business reasons, waiting for OTAs is for the birds. Especially when you see the devs create roms that are often faster, smoother, have better battery life, and with awesome and functional features (often incorporated into vanilla Android on a later version or OEM roms/skins). Anyway, you find tons of help and information above in the roms and hacks section. Read the first page or two of the sticky how to guides to familiarize yourself (dmmarck's "don't panic/how to", cyberwarriors how to). I recommend use Wug's unlock/root toolkit, also in the sticky section. Really couldn't be simpler. Took me a few mins to unlock/root using a toolkit, and I've never used my computer to flash etc since. Can do it anywhere. Oh, once you're unlocked/rooted, read the "how to install radios" guide as you'll want to flash the latest jb bootloader and radios availabe (links in the guide). It may seem overwhelming, but trust me you'll laugh and wonder why you hadn't spent the few minutes sooner. My gnex feels like a fresh new device about as often as I want. There's always something to find if you want. Or you could flash once and never again. Also, you can easily unroot and relock clicking a button on the toolkit, with no way of ever knowing it was unlocked/rooted, so there goes warranty concerns. Being a nexus the stock Google factory images are always available so the phone is as unbrickable as you get. After you read a bit, if you have questions just fire away. Lots of knowledgable and friendly people to help. Just search for a "oh no I bricked my phone" thready, which there are very few, and you'll see it's always "calm down, no you didn't, do XYZ" and the person is good to go. Enjoy!