The Cyanogen team stated that there would be “something special” in store for the new year, which as it turns out is the announcement of nightly builds of CyanogenMod 12, which is based on Android 5.0.1 Lollipop. The first rollout of CM12 nightlies is set to commence soon, although the team notes that work on the M release (milestone snapshot, more stable than a nightly but potentially some issues) is 85 percent complete as of now.