The latest version of the popular CyanogenMod has been released, offering bug fixes and various improvements over the previous version.

If you’ve never used the Cyanogen ROM before, you can read our full review and installation guide here.

Available to download for the Nexus One, Droid, Dream and Magic, CM 5.0.8 sees some great speed increases on older devices that were still a little sluggish under the previous version.

A particularly noticeable addition to 5.0.8 is ADW Launcher, a home replacement app, which is now included in the ROM by default.  Accompanying this is 720p video recording support, which we first saw appear in CM5.0.8-test3 earlier this month.

If you’re using a Nexus One, the Froyo radio image is required for the ROM to run properly, so make sure to update that if you haven’t done so already.

If you want to try out CM 5.0.8, you can download it from xda-developers. Those of you who are already running a previous version, can get the update from ROM Manager, or CM Updater on the Nexus One. The 5.0.8 changelog can be found here.