Just posting a follow up on the tethering and wifi hotspot issue I posted a few days ago. I tried NextLight's Halo ROM and used it for a day with the ROM's kernel and it was working well. Then I tried to use Badass Kernel 1.9.2 and it worked well ...
It's cool, I got it :D I got to learn how to use the apktool in the process XD
Incase anyone wants the wallpaper here it is: