I used this method most recently on a sprint 700wx so that I could enable cricket's wap, *without* having to flash the phone to Verizon 1.22 700wx firmware. Restoring a verizon nv backup file (I used one from a 1.10 700w) onto a sprint 700wx essentially wipes out all of the PCS Vision stuff that always causes problems.
I think I may have also deleted a couple keys/values in the registry related to IOTA, after making sure they weren't also in the registry of a verizon wm5 phone, but this may be optional. At the very least, I would dial ##DATA# and delete all the IOTA web addresses, which may also be optional, but I don't like them in there.
If you're trying to flash a sprint 700wx with verizon firmware, that is a completely different procedure. I personally won't do it with a 700wx unless it's a spare phone, because both Treo's I have updated to verizon's 1.22 firmware became invisible in diag mode, and therefore nearly impossible to configure for wap/prl for cricket. One was a sprint 700wx, and the other was a 700w.
Somebody brought me a Sprint 700wx, and because I had already had a bad first experience flashing a sprint 700wx with verizon firmware, I decided to find another way to enable wap on cricket, one that allowed me to keep the Sprint firmware. Sucks really, as the 1.22 firmware is a substantial update, which I'd like to have used. The good portions of it (stero bluetooth, for example) though have been backported to the sprint 700wx on a couple different forums though.
If you want to flash it to verizon firmware though, I made a post here when I first did it:
Finally did it! Sprint 700wx flashed with 1.22 VZW ROM Update
http://discussion.treocentral.com/showpost.php?p=1311608&postcount=1
And about a week later someone posted the same accomplishment:
So who wants Custom Roms? I flashed my WX!!!
http://www.ppcgeeks.com/so-who-want...-my-wx-t7019,highlight,700wx+custom+roms.html
If I were to do it now though, instead of manually applying the firmware update file in bootloader mode, I'd simply change he carrier token to verizon (while in bootloader mode), and then run the official verizon desktop update utility normally.