Recs.
Updated
ADW brings stock Android with plethora of customizable options, stellar theme support.
SpecsUpdate
Pros
Pro Great theme support
New themes compatible with ADW Launcher can be downloaded directly from Google Play. The launcher conveniently provides a link from the Themes page in the ADW Settings menu. More impressively, the Themes page provides previews of each theme you've installed on your device, as well as info about whether the theme supports icons, folders, the dock and the wallpaper. However, the best feature, by far, proved to be the ability to mix and match functionalities from a variety of themes to create an entirely custom look. And most of the themes are free.
Pro Customizable app drawer
The margins, rows and columns of the app drawer also can be modified to fit your preferences. In addition, ADW Launcher supports a variety of visual styles for the app drawer, such as Horizontal Paginated, Vertical New and the standard Ice Cream Sandwich Paginated style.