After a lot of hard work, the CM team today has finally released a Release Candidate of CM7.2 based on Android 2.3.7 Gingerbread. The last major CM7 release, CM7.1, was released quite a few months back and since then the CM team has worked hard on adding support for more devices.
With CM7.2 RC1, the CM team officially supports a whopping 70 Android devices, including all the Xperia handsets from Sony, the popular Samsung Galaxy Ace, Mini, Epic, LG Optimus Black, Sol, One, and many other handsets. CM7.2 also contains some major bug fixes, including the popular media files disappearing from the SD card bug fix.
Other than bug fixes and support for more devices, CM7.2 also contains many features back ported from Android 4.0 Ice Cream Sandwich including a predictive dialer (finally!), auto-rotation animation, other animations from ICS, and much more. The whole change-log can be found here.
The CM team has also been working hard on CM9, which is based on Ice Cream Sandwich. With CM9, the whole CM team is taking a new approach to things, including enhanced security measures like no root access by default. The CM team has also been rolling out CM9 nightlies for quite a few Android handsets including the Galaxy Nexus, Galaxy S2, Motorola XOOM, and the Galaxy S since the last few weeks.