I'll be waiting patiently until they come out with a more stable build to actually install this (or not, it's also possible that I just think 'what the heck' and get this done this weekend), but this is definitely great news! This CM port for TP is also dual-boot, so that's a plus as well for people who may want to keep their webOS installation.
I haven't really experienced anything significantly problematic with webOS, but the lackluster of (free, and/or quality) apps for it reduced this great hardware to just a browsing/skyping machine for me right now. There are some gems out there, but they're one in a hundred (pretty much literally), and most of them are paid apps without any trial period whatsoever.