Steve Kondik, the original creator of Cyanogenmod, tweeted the following last night:
Sounds like we’ll start seeing the first Cyanogenmod 9 builds in the next couple months! Exciting news for everyone who has been abandoned by their handset manufacturer. I highly doubt my Motorola Defy will ever see an official upgrade, even to Gingerbread. Ice Cream Sandwich should run quite well on the Defy’s hardware.
This is exciting news for everyone in the Android community really, not just those who’ve been abandoned. The more choices you have the better, and Cyanogenmod is available for a multitude of devices.
Can’t wait until the nightly builds start popping up, it’s gonna be a fun next couple of months! If I had to guess, I’d say we’ll see an alpha or the first nightly builds of Cyanogenmod 9 within a month, or a little more. Hopefully by Christmas (and this is just me wishing) we’ll have something!
Steve also mentioned on Twitter that work will progress on Cyanogenmod 7.2 until it’s ready to be released, while simultaneously working on Cyanogenmod 9.
If you’d like to get the Ice Cream Sandwich look now and not wait until Cyanogenmod 9 is out, have a look at my post Make Cyanogenmod 7.1 Look Like Android 4.0 Ice Cream Sandwich (Kinda).