Here my updated version of 1.7.4 v0.1i for 256M LY-706!
Market will work from flashing ROM, don't need any patch or manipulation etc.
I warn you - i haven't this device, untested!
*TxPower=30 for WIFI
*Fix Google Market!
*Build info in About
-Remove some trash
+ES File Explorer 1.4
+EStrongs Task Manager
+Titanium BackUp (Free)
1. Usually I can't sign to Google by Ethernet, just by WIFI (typical error for this "There is a temporary error or your sin card is not provisioned for data services")
2. If you will start Market and get error " An error has occured. Please try again later. " Don't worry it is server-side problem. Just try time to time again to enter market and get Text of Agreement. When you agree with it - this error will never back (i hope)
3. Hibernate mode - you can get it to work state: use StartUp Manager and disable all user apps from auto startup (exept StartUp Manager and Swapper) and disable System Apps (exept Android system, Media Storage, Boot Receiver, Sync Feeds and Download manager)
4. How to get Root: Settings - Applications - Unable USB-debugging. Start Connect Bot - connect to local - type "su".