This seems to be working well for T-Mo USA folks, but not so much for AT&T users. That's just a casual observation based on carriers listed in profiles of folks posting.
I'm on T-Mo USA, and this is running just fine for me. I sense I had better 3G connections with .423, but I have nothing empirical to verify that. This build seems to bounce between EDGE and 3G more often when I'm in the periphery of 3G coverage (as compared to .423).
Battery life seems better for me, but I also uninstalled The Hockey News and TheStreet, both of which seemed to crunch my battery a bit.
I don't pay attention to free memory since I jumped ship from the 88xx series, where it was a real concern. If I have more than 70 MB free (which I always do), then I'm a happy guy.
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