The popular Cyanogen Mod distribution of the Android Open Source Project dropped a bombshell today: the founding members have formed a corporation (currently with a team of seventeen hackers) to work on the project with the founder of Boost Mobile as the CEO. Quoting the announcement: "You have probably seen the pace of development pick up drastically over the past few months. More devices supported, bigger projects such as CM Account, Privacy Guard, Voice+, a new version of Superuser, and secure messaging. We vastly improved our infrastructure. We’re doing more bug fixes, creating more features, and improving our communication. We think that the time has come for your mobile device to truly be yours again, and we want to bring that idea to everybody. ... So what does this all mean for the community? The first thing I wanted to do when I realized we were actually doing this, was tell everyone possible. But when starting a company, you have to think about the larger picture. This meant not announcing until the time was right, our house was in order and we would have something to show. I have seen open source projects come and go, some being bought out and closed, others stagnating and falling by the wayside. I don’t want to see this happen with CM."