The amazing devs over at Th3oryRom have gotten a running build of Ice Cream Sandwich (using the CyanogenMod 9 and ICS Source, so this thing I think is CM9 based) on the Bionic! I knew someone would get it running eventually, and it's even better that Th3oryRom is doing it, they've been doing great stuff lately. Right now it's an early alpha build, but it boots and runs correctly. Dhacker is still working out kinks and trying to get wifi/data working, but so far it seems to run just fine. Give him a month or so and it'll be stable and ready for flashing (as of right now, everyone suggests to flash in a safe mode so you don't destroy your phone
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