It seems to do everything that previous version of PBJ have done.
I have confirmed that it was source compiled and released by someone other than imnuts based on his code. Using the link posted earlier, I'm running ext4, am OC'ed and UV'ed, running smartassV2, have boot animation support, and most importantly of all, have wifi.
I'll go with imnuts official release when it comes out, but this is his code. I had trouble getting it to compile it myself...I think there were some initramfs changes that needed to be made. But, this is working and doing everything I need it to do.