Ok. I'm a believer.
I watched QBKING's video and it looked pretty easy. Last night I downloaded the CM and GApps packages and pulled the trigger. I admit it's pretty cool.
In case you're a n00b like me and thought this was something that you didn't want to hassle with, I can assure you it's pretty easy. It turns out that I do have the proper recovery console installed. If you rooted and "stopped FC09 notification" based on instructions in this forum, then you have the things in place to accomplish this.
I did a full titanium backup. I did a nandroid backup. I installed appbak, sms backup and call log backup and ran those. I watched the video. I downloaded the CM package and the Google Apps and moved them to my SD card. Did the full wipes from the recovery console. Installed CM from the zip. powered down and installed the gapps from zip. When it came up, I added my google market info and then downloaded the appbak thing. But I dont think I needed it. When I went into titanium, it showed all my old apps from before with a line through them. I just had to touch each one and "restore". If you use that app bak, you just are linked to the market where you can download it again> But then you have to remember the passwords and everything. When you use titanium to restore app and data, it's configured the way it was before. This was good for my weather app that requires a login which I forget and life360. I have no idea how to configure that one from scratch.
The look and feel are very cool and snappy. Most of the old apps work. The paid ones are still the paid versions, so I didn't lose anything.
I am assuming that if I wanted to, I could restore the nandroid backup and it would be just like it was yesterday. Is that right?
Anyway, I don't foresee going back. I dig this.