It is always nice to have your most commonly used settings toggles at a swipes notice. Android 4.2.2 integrates a new quick settings feature that you simply swipe down from the status bar to quickly toggle things like gps, wifi, mobile data, ring, brightness, and more! HTC has added a quick settings feature in Sense 5. XDA member "laehmic" has developed a quick settings clone of the one found in HTC Sense 5. This is not a status bar replacement. It is a separate app. This will give you all of the toggles and sliders that you need to prevent you from having to fumble around with your device navigating through menus and submenus.
A few toggles are not fully functional for now such as GPS, ADB, and mobile data although you can view their status. There will eventually be a root enabled version which will include the currently missing functionality.