I tried almost all launchers to get no lag with active live wallpaper, and it was a no go.
Few days ago I found it, so I share.
Costly but amazing amount of smoothness, TSF Shell:
https://play.google.com/store/apps/details?id=com.tsf.shell&hl=en
Next is QQ:
https://play.google.com/store/apps/details?id=com.tencent.qqlauncher
Nemus Launcher:
http://play.google.com/store/apps/details?id=com.nemustech.launcher
Xperia S Home Launcher:
http://xdaforums.com/showthread.php?t=1557091
Launcher 360:
http://xdaforums.com/showthread.php?t=1345601&highlight=widget+weather
Faster Than Light Launcher:
http://xdaforums.com/showthread.php?t=1488483
SS Launcher something completely different
https://play.google.com/store/apps/...t=W251bGwsMSwxLDEwMiwiY29tLnNzLmxhdW5jaGVyIl0.
And for smooth ICS ui, BUT ONLY I REPEAT ONLY with app drawer open close animation disabled!!!
https://play.google.com/store/apps/details?id=com.mobint.hololauncher
Few days ago I found it, so I share.
Costly but amazing amount of smoothness, TSF Shell:
https://play.google.com/store/apps/details?id=com.tsf.shell&hl=en
Next is QQ:
https://play.google.com/store/apps/details?id=com.tencent.qqlauncher
Nemus Launcher:
http://play.google.com/store/apps/details?id=com.nemustech.launcher
Xperia S Home Launcher:
http://xdaforums.com/showthread.php?t=1557091
Launcher 360:
http://xdaforums.com/showthread.php?t=1345601&highlight=widget+weather
Faster Than Light Launcher:
http://xdaforums.com/showthread.php?t=1488483
SS Launcher something completely different
https://play.google.com/store/apps/...t=W251bGwsMSwxLDEwMiwiY29tLnNzLmxhdW5jaGVyIl0.
And for smooth ICS ui, BUT ONLY I REPEAT ONLY with app drawer open close animation disabled!!!
https://play.google.com/store/apps/details?id=com.mobint.hololauncher
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