How much an OEM supports its hardware is variable. Sometimes, they give frequent and timely updates. Other times, an update could take months or not happen at all. In the latter case, developers sometimes deliver an update much earlier than official release. HTC One V users have a chance to do that now with a full HTC Sense 4.1 port.
The ROM is a port from the HTC Desire S and contains a Sense 4.1-skinned build of Android 4.0.4. XDA Recognized Contributor shubhamchamaria has released the ROM for both the CDMA and GSM variants, so no matter which you’re running, you can take part. The full feature list includes:
Ported from Desire S
Full Sense 4.1
First Sense Rom with 4.0.4
Extra Music enhancers like Wow SRS, 5.1 Surround etc
All Sense 4.5 Skins working perfectly and added into the Rom
Few useful apps included
All transitions of full sense
Proper 3D Rosie
Array of many Widgets of Full Sense
In terms of bugs, shubhamchamaria says they have all been squashed, so this is definitely daily driver material. There may be a few lurking about, but there should be nothing major wrong.