I have been using it non-stop since he first posted it. It is very stable. It is still in Beta stages cause there is no official support from Cyanogenmod Team or Motorola. So there is issues with getting things like the camcorder working properly and multi-touch in games is iffy at best. But overall the ROM is just fine and it is worth flashing.
Yeah his thread over on XDA might be a lot to read, but the information on there is worth reading. It can answer all your questions. Take the time to read the thread fully to know if it will be worth flashing for you.