Before the JB release for LY-F1, we have an update to 4.0.4 with system partion of 384MB
Install with livesuit and format (It may ask to do a factory reset anyway).
Like in my other ROM's, CWM Recovery is already installed, novotools, superuser, etc.
If you install this ROM and then want CM10 you will need to install the 6.10.2012 update for CM10 (others don't work).
UPDATE 30.12.2012 : http://www.mirrorcreator.com/files/U...188.8.131.52z_links
On first start you may have fullscreen mode activated (no statusbar), go to apps and tap ToogleBar to activate smartscreen mode!