According to CyanogenMod latest blog entry, CyanogenMod Community is continuing work on the Gingerbread-based CM7. The team has been working hard to identify and fix the issues reported to the bug tracker in initial 7.2 RC1. CyanogenMod 9, and a final release is coming “soon” according to the latest status update. In addition, New Device are added to CM7.2 support :
Source: CyanogenMod Blog
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CM died in my opinion.