[Q] what, and how to, change a MyTablet to

Hi Everyone! Yes, I'm a NOOB, I've never done anything on the developer side of things.

For Father's Day my wife bought me the MyTablet which has ended up to be a bit of a scam...1ghz processor, I have 16gb of memory with another 16gb card in it.
Info on my tablet:
Model Number: A10_MID
Android Version: 4.0.3
Baseband version: 4.0.11
Kernel Version: 3.0.8+ ( #8)
Build Number: crane_q7-eng 4.0.3 IML74K 2020520525 test-keys

System update feature indicates it is up to date.

Anyway, I've had some issues, it seems the company was really a 1 man shop that has disappeared, doesn't
respond to phone calls or emails, etc. Several of the apps I have such as the music player it came with doesn't
keep my playlists, and lately the thing has been shutting down at 64-71% power on the battery. So, I'm thinking
it's either faulty hardware or faulty software. That's not to mention that many apps on the google store said my device
was not compatible with it.

Since I can't do anything about the faulty hardware part at this point (the 2 year warranty was apparently a waste of money)
I thought of wiping the entire thing and starting out fresh with a new O/S. Any suggestions? I was thinking of attempting to turn this into a Nexus 7 type tablet which means installing Jelly Bean, preferably 4.2. I'm not sure how to go about this, but I've been looking around the forums and see there are lots of ROMs out there or maybe it's a Port I'd need. Would you guys recommend going the way of the Nexus 7 or perhaps a different android incarnation?
The Black Rose one found in these forums seemed interesting.

I found these forums and a way to wipe my tablet and add another in this article on techradar.com about how to install android on other devices

but I want to make sure I get something good and can do it correctly.

Boils down to these questions,

1.) Which O/S would you recommend for the tablet?
2.) Which files and/or file types should I download?

Thanks in advance!

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