Just in case anyone hasn't been over to Droidmod.org recently, here is a longer write up on what they are working on. It lacks details, but gets me excited to know that there will be other options to CyanogenMod out there. Not saying it will be better, but options are always good
DroidMod, Project Durden, and Development Schedules.
DroidMod, Project Durden, and Development Schedules.