Aplications Removed:
ApplicationsProvider.apk
Browser.apk
BackupRestoreConfirmation.apk
ChromeBookmarksSyncAdapter.apk
CMWallpapers.apk
Development.apk
DSPManager.apk
Exchange.apk
FaceLock.apk
Galaxy4.apk
GenieWidget.apk
GoogleBackupTransport.apk
GoogleFeedback.apk
GoogleTTS.apk
GoogleQuickSearchBox.apk
HoloSpiralWallpaper.apk
HTMLViewer.apk
LiveWallpapers.apk
LiveWallpapersPicker.apk
MagicSmokeWallpapers.apk
NoiseField.apk
OneTimeInitializer.apk
PhaseBeam.apk
PicoTts.apk
RomManager.apk
SamsungServiceMode.apk
SharedStorageBackup.apk
SpareParts.apk
Stk.apk
Talk.apk
Term.apk
Trebuchet.apk
TvOut.apk
VisualizationWallpapers.apk
VoiceDialer.apk
VoiceSearch.apk
VpnDialogs.apk

Files Removed:
All Notifications
All Ringtones
/system/etc/hosts
/system/etc/SuplRootCert
/system/etc/gps.conf
/system/etc/init.d/01Logger
/system/etc/init.d/02Sysctl
/system/etc/init.d/70darky_zipalign
/system/etc/init.d/92cpu_scaling
/system/etc/init.d/92mine
/system/etc/init.d/98system_tweak
/emmc/z_scripts
/sdcard/z_scripts
/system/bin/backuptool.functions
/system/bin/backuptool.sh
/system/etc/CHANGELOG-CM.txt
/data/system/batterystats.bin
/data/system/netpolicy.xml
/data/system/netstats.bin
/data/system/netstats_uid.bin
/data/system/netstats_xt.bin
/data/system/packages-stopped
/data/system/uiderrors.txt
/system/addon.d
/system/media/video
/system/tts
/data/backup
/data/dalvik-cache
/data/drm
/data/local
/data/log
/data/tombstones
/data/system/dropbox
/data/system/throttle
/data/shared_prefs
/data/usagestats
/cache
/system/media/audio/ui/camera_click.ogg
/system/media/audio/ui/camera_focus.ogg
/system/media/audio/ui/VideoRecord.ogg
/system/xbin/tune2fs
/system/xbin/fsck.ext4

Then copies over:
/system/lib/libncurses.so
/system/xbin/sqlite3
/system/xbin/zipalign
/system/etc/init.d/01Logger
/system/etc/init.d/02Sysctl
/system/etc/init.d/70darky_zipalign
/system/etc/init.d/92cpu_scaling
/system/etc/init.d/92mine
/system/etc/init.d/98system_tweak
/system/etc/hosts (adaware hosts file)
/system/etc/gps.conf (modified for Australia)
/system/etc/SuplRootCert
/system/media/audio/notifications/Car_Lock.mp3
/system/media/audio/ringtones/Horror_Movie.mp3
/system/media/audio/ringtones/iPhone_TV_Ad.mp3

Then copies scripts:
/emmc/z_scripts/drop
/emmc/z_scripts/sqlite_optimize
/emmc/z_scripts/3GTurboCharger_Installer_Update_3_RC11_Test_1.sh
/emmc/z_scripts/V6_SuperCharger_for_Android-Update9_RC10_Test_7.sh
/emmc/z_scripts/KickAssKernelizer_Tweaks_Installer_Update_3_RC11_Test_1.sh

The scripts in z_scripts can be run by Script Manager on Play Store.

Also installs minimal GAPPS (Patched Play Store + GSF - I use 180DPI these are patched to 240DPI). (I removed ChromeBookmaksSyncAdapter, GenieWidget, GoogleBackupTransport, GoogleFeedback, GoogleLoginService, GooglePartnerSetup, GoogleQuickSearchBox, GoogleTTS, MediaUploader, OneTimeInitializer, Talk and VoiceSearch).

CPU Scaling script is optimised for pegasusq (turns of 2nd core when screen off).

-- by Juzman @ XDA-Developers