Not bad, not bad at all.
BUT, there are privacy issues re: posting notifications to the lock screen. And I'd prefer Widgets be confined to the Spotlight page, which is largely wasted space, or the lock screen.
I don't like it at all. it's just an iOS theme on Android. The concept of merging application icons and widgets in the same space seems messy. I'd rather have a dedicated launcher area and widget dashboard.
yes thats true all of this is available but many of the new iphone features were hacks, custom wallpapers, folders, rotation, etc.
the one missing feature a quick toggle for wifi,bluetooth,gps
other than that looks great hope that some of this makes it into ios 5