This thread might have some merit as:
- The S5 is one of the few WVGA 160dpi devices (at least it would be if the ICS rom wasnt set to 240dpi), pretty much all phones are 240dpi
But a counterpoint is that there are very few ICS only launchers as that means not being compatable with 93% of your market (at least according to google [Link])
The trebuchet launcher from CM9 supposedly works on stock ICS, and it's ICS only as it's an enhanced stock ICS launcher(?).
At least with a custom launcher and 160dpi you can use the Stage 1.7 widgets, they're pretty nice on my S7/S10/touchpad 
(The stock launcher is 4x4 grid and stage 1.7 needs at least 5x5)
ADW and ADWex have worked fine on HC/ICS for a while and are native apps on those, they simply have no reason to make seperate HC/ICS only versions.
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