The various families of custom ROMs are in an arms race... in a really nice way. Each one is trying to one-up the others with new features and improvements on stock Android, with some genuinely spectacular results in some cases. The latest beta builds of Paranoid Android include some particularly useful features, most notably a revamped Quick Settings menu. The PA version of the drop-down icon grid allows for multiple functions for each square and on the fly rearranging.
Paranoid Android ROM 4.0 Beta 3 Adds New Quick Settings Menu, Boot Animation, And Other Features was written by the awesome team at Android Police.