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Android 4.2.1 was just announced for the Galaxy Nexus, for those of you who want to get it and also keep root, you can install a stock Android 4.2.1 ROM with root using your ol’ friend ClockworkMod Recovery/ROM Manager.
The new update doesn’t have major changes other than added bluetooth HID support for gamepad/joystick and changes to overall platform. But the changes to platform should mean faster and more stable software than ever.
And the other good news is that Android 4.2.1 is available for all GNex variants including GSM, Verizon, and Sprint.
For those of you coming from Android 4.1.2 or 4.2, data wipe/factory reset should not be necessary. But do make a backup ROM just in case as always.
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You will need a rooted Galaxy Nexus to install all ROM/kernels.
NOTE: PLEASE ONLY INSTALL ROMS INTENDED FOR YOUR VERSION OF GALAXY Nexus! Otherwise you WILL BRICK YOUR PHONE and I will not be responsible!
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First time to rooting and custom ROMs? Please see our Galaxy Nexus FAQ FIRST! Galaxy Nexus ROMs
Galaxy Nexus GSM ROMs
Galaxy Nexus Sprint ROMs
Galaxy Nexus Verizon ROMs