I came up with this post.. http://forum.xda-developers.com/showthread.php?t=2300431&page=11 - post #107.
trewelu (http://forum.xda-developers.com/member.php?u=2844579) has built it from the source and this post contains a link for the rom. Check...
TeamXperia Presents LeWa Os V1.1
This is a port from "TeamXperia Presents LeWa Os V1.1" for Arc. (Original thread - http://forum.xda-developers.com/showthread.php?t=1626870) :)
It's based on FXP 120 CM7.2 and v880 LeWa.
Credits go to:
I modified FXP Cm 9 kernel for the ray. Now it works like a charm. :) :) Some dev can now do the optimizations.
Camera crashes and other things I checked are working okey.. Almost a stable rom! Great work http://forum.xda-developers.com/member.php?u=5343512
So neuralassembly has released his latest build! See the video description! Thank him! Gonna try it now..