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GS701b with home button

Hello all,

So I acquired one of these inexpensive tablets after a sales pitch at DirectBuy. (no i did not join and neither should anyone unless you are building a house, maybe).
It is running Android 4.0.3 Kernal 3.0.8 and build eng.wineluo.20121107.145.wineluo. I see there have been a few questions here but no real information other than how to reset.
I'm wondering if there is any way to root this and perhaps increase the CPU speed. I also own a Nexus 7 and know this devices limitations but I'm just a glutton for punishment. It has Google Market already and actually performs better than it's Cracker Jack toy appearance. YouTube, Dolphin browser and video from usb actually work pretty well. I can't even give it to my granddaughter as she already has a Nabi. Another item for my junk box. Comments and suggestion would be appreciated.

SH
 
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