Warning- there is a bug preventing the video camera from working, will have a fix up within a couple of days, stick with the 12212011 build for now if a working video camera is a must.
First new build of 2012 BACKside is up:
BACKside-IHO-VM670-01022012.zip
md5sum 69b3dda62803304c7968e35117854927
GreenMachineTheme-01022012.zip
Changes:
-Synced with CM7.2, New LGEQualcomRIL added for better telephony support, beginings of face-detection in place in camera app (don't know if it will be implemented on CM7 or not), had to revert another CM camera commit to prevent borking it on the OV
-Switched to BobZhome's newest kernel, implements rb64's find for two-way recording in phone calls
Thanks Bob & rb64!
-Changed holiday egg to Android Baby New Year
-Added thekraven's headset mic fix, needs testing
-Added an option to change the notification dropdown's background color, choices are:
--Theme (default) --Custom Color (argb colorwheel) --Transparent (fully transparent)
Note- you can use Notification Restart from the Market to have changes take effect without rebooting.

Testing needed to see how it affects various types of themes.
Next up in the never ending effort to add all theming options to the ROM, I will add the ability to change the notification dropdown category title's background color, notification item's color, and text colors. I would have waited to put up the entire notification dropdown customization package at once, but the notification dropdown background took two weeks of debugging (holidays took alot of time too

). I wanted to get this build out with the new two-way recording support, so the rest of the customization package will be in the next build.
Thanks to Blarf, BobZhome, mrg666, LeslieAnn, rb64, thekraven, Whyzor, bigsupersquid, kermikalelite, the CM team, the AOSP team, and a ton of other people (really, the list goes on and on)!
Happy New Year Everyone!