VTL Launcher is a No Go on the A500
VTL is a tablet oriented launcher based off of the ADW Launcher; I tried it on my GTab, and really wanted it on my A500. But after I installed it, the first time I did a reboot it hung up and would not come out of boot, no matter what I did. I had to plug in a USB keyboard and do a complete factory reset. I tried the launcher again to make sure that's what locked it up, the results repeated. So until it's ready for the A500, don't try it unless you are ready to lose everything with a factory reset.
**EDIT** In the OP it states it's not ready for Honeycomb yet, didn't notice that the when I scanned over it the first time. I'll update when it is Honeycomb ready.
When Chuck Norris gets a bootloop, people DIE
Samsung Galaxy S3 i747
Samsung Galaxy 8.9 Tab
Google Nexus 7, rooted stock