Ian,
Every Lawyer worth their salt will tell you "DO NOT COMPLETE WITHOUT AN LFO IN PLACE...with or without utilities!!" If you do, it may be a case of enjoy now...repent forever. Forever is a long time!
Many people that I know are opting out. 6 of our group were granted refunds by the Court two weeks ago. Other Court cases are proceeding. Who is going to be living there? Many of the larger REA's are no longer promotimg any of the Eralia developments as there are no LFO.s in place.