Thanks Richos! It sounded a bit like you were involved in the project.
I have had a similar search. My main trainer quad at the moment is a V929 with a mQX board. Works really well. I just oldered some (micro JST i think) leads to the mQX board so they plug into the V929 motors the other end.
The V929 is $32 now! I just buy another one now and then for spares. The mQX is better quality but they fly the same.
I did have the first ladybird DSM2 board but it died just when I got it flying properly
I still need to send it back to 9iMod.
So this one does look interesting. Keep us posted mate