CyanogenMod plans on bringing the Lollipop experience to all Android devices, as we find out from recent documents. It appears that nightlies could make their appearance as soon as next month.
The source code first appeared on AOSP at the beginning of November, but it took a while for all the bits to show up. There is still a lot to do when it comes to CM features and the proverbial material look whereas some ROM aspects may be completely rethought.
Some older smartphones and tablets will be cut off from the builds, but most will be included. The first nightlies will be buggy as expected, so don’t wait too eager for your Lollipop-based CM build as fast as possible, unless you love bugs.