Yes, there's a good chance of such a release considering the history of Cyanogen...

		jbrkr on Oct 26, 2011 \| parent \| context \| favorite \| on: Google says Nexus One too old for Android 4.0 Yes, there's a good chance of such a release considering the history of CyanogenMod [1]. Too bad the update won't be straight from Google this time. One of the key benefits of the Nexus One for nearly 2 years comes to an end. [1] http://www.cyanogenmod.com/