Thanks to All,
I now have CM7 installed on my TP and so far, so good. I have to say, even though I am new to both webos and CM7 I found webos much easier to setup. It seems easier to organize the screens the way I like them. I had to play around with CM7 quite a bit to finally get the TP organized in a way that I am comfortable with, and I think I still have more work to do on CM7. Both have the strong points and weaknesses and I am not sure which one I will ultimately favor.