There is a CWM version 4.0.0.2 that works with the phone. I just found (and flashed) today myself.
I found it at a Chinese forum and at a Spanish forum. Downloaded from both and had the same flashable tar (checked with diff), though different apks (which I didn't install anyway).
After flashing with ODIN (the same way you flashed the rooted kernel), to enter into recovery turn on the phone and while it is on the Galaxy R boot screen, press voulme up and home together. Do not press them before powering on because your phone won't turn on, instead it may block and you will have to remove the battery for some seconds.
Thanks. Works as instructed.
Now i've backed up my original firmware n have root !
Thanks guys !
Next......someone needs to find a way to free up the partition taken up by the 3 HUBS. What a waste of precious space.