Unless you can't wait a moment longer, wait for the next kitchen release from Helmi & company (ETA: imminent). If you can't wait and want stability, I'd say give the BellMobility 3.3 a shot (the OS part, not the boot loader - you've been warned).
If you want to play while you wait, try any of the ROMs built on Helmi's 3.5 r4 kitchen - you'll get a good idea what custom roms are all about. Then try the kitchen - its so easy its addictive.
you can run anything you used to run. The difference as far as programs is concerned is some are baked into the rom (so you don't have to load them or consume valuable program memory), and some useless fluff has been removed (to make room for more wholesome goodness). Most ROMs these days have the carrier customizations baked right in AND unlock the ext rom, so you can do a reset on your first boot when the customizations start to download, and then use the ext rom as extra program storage.
BTW - if this is your first foray into customized ROMs, be aware that nothing will survive the upgrade from a stock rom - no contacts, no call histories, no text messages, no pictures, no applications...nothing. Be sure to put anything you want to keep onto permanent storage - like an SD card or a host computer.
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