CyanogenMod began teasing something called Nemesis a short while back. That teasing arrived with a short video and a message about how "things can be better." Since that point we have seen some details of what Nemesis will be. Well, we have seen details of the Focal camera app, which is shown as being phase 1 of Nemesis.
CyanogenMod ROM isn't going anywhere but their domain, official site, entire history, and email has all been shut down and compromised as of late. Sadly when things get big sometimes greed gets involved and that's exactly the case here.
LG Optimus 3D, Optimus Pro, Optimus Hub, Optimus Black and the LG Thrill will all be getting nightly ROMs while CM7 is still in active development.