I managed to install it ok on my Elite 16GB v3 using the offline method. It failed several times using the OTA, then I used the offline method to install the downloaded file. It installed correctly and it now reads Android version 4.04 baseband version 1.4rc3. Everything seems to be running OK. Browsers still seem slow. Thus far I have tried Ninesky and boat and stock and both are much the same. I don't get any wait/close messages but still some tedious loading time. I will try a reboot and see if things improve.
edit: after reboot Ninesky seems pretty quick. Boat the same as 1.2. There is also a funky new reboot animation of the android dude riding some coloured sin waves
edit: after reboot Ninesky seems pretty quick. Boat the same as 1.2. There is also a funky new reboot animation of the android dude riding some coloured sin waves