The Venice was only recently rooted and their are no custom ROMs for it yet so getting JB on it is a nice treat, although if root is important to you, you might want to hold off a bit.
The user who updated posted a screenshot (image) of the Venice's Software information screen showing that it is indeed Android 4.1.2.
The Venice is one of three phones that the Boost website described as upgradable to Jelly Bean in last month only to retract that claim a couple of days latter. It will be interesting to see if and when the other two phones, the Samsung Galaxy Rush and the ZTE Warp Sequent get Jelly Bean.
The main new features in Android Jelly Bean are Project Butter which improves performance and smoothness and Google Now an intelligent personal assistant that displays personalized information based on your Google search history, things like upcoming concerts and events flight and package tracking notifications and boarding passes for your next flight.
If Jelly Bean has made the LG Venice more attractive to you, it's on sale now through Thursday May 16 on the Boost Mobile website for $152.99 with using bonus code FIESTA. The regular price is $179.99.
Boost Mobile Backtracks on Jelly Bean Updates
Boost Mobile Says Jelly Bean is Coming to Three More Phones
Boost Mobile Announces the LG Venice - 4.3 Inch, ICS - Available Oct. 10 for $219.99