Launcher Pro Plus or ADW EX

I think sense 3.5 is going to be included in the update. At least that's what I heard from droid-life.
 
Go Launcher EX is great. I had LPP and I swapped it out for Go Launcher months ago and haven't looked back. Customization is awesome and updates keep on coming. Plus its free. There are many themes to choose from, some are free and some are paid. It works very well. I don't see the lag that I used to get with LPP when you hit the home key and 15 seconds later you have icons populating on the screen. Great launcher, you can't go wrong.

I also use Go Contacts and Go Dialer Ex. Both great apps as well.
 
lpp comes with sweet widgets, the easiest widget size customization, lots of speed, and a scrollable dock. My phone has never functioned easier.
 
I had recently started playing around with other launchers a month or two ago, as I was getting bored with Sense. I started with ADW, and I really liked it. But I wanted to see what Launcher Pro was like, so I tried that one out, and I liked it even more than ADW. I had also downloaded Go Launcher, but I figured LP was going to be my launcher of choice. Then I decided, what the heck, might as well try out Go Launcher.

I think I've ended up settling on Go Launcher, to be honest. It basically has everything I like from LPP and ADW. It runs very nicely on my Thunderbolt, but to be fair, I don't use many Go widgets to know if that'd make it less smooth; the only one I use is the People/ Contacts one.