Just wanted to report in that this worked perfectly on my device. The only minor issue I had is right after I restored the nand backup and rebooted, it hung on the Sprint logo so I pulled the battery, rebooted into recovery and installed ThundeROM 1.7 - rebooted and everything was fine. All my apps, settings, etc. are still there and it's showing VC in my phone info!

Very impressed and pleased at all the hard work that people have done to make these already awesome devices even better!
EDIT: A couple of things I've noticed -
1. Advanced task manager no longer seems to be working. I am using the free version and have even tried reinstalling it. Anyone else have this problem?
2. Even though I'm at VC in system info, I am now being nagged to update to version LS670ZVC? I will go ahead and install the stop nag fix, but it just seems strange to me... Wasn't the previous OTA updated labeled LS670MVC? I wonder what ZVC is??