Steve Kondik didn't mince words in what is now viewed as his parting statement from Cyanogen Inc. earlier this month. In that statement, though, he alluded to the potential intellectual property issues CyanogenMod might face if it was reorganized under a new non-profit corporate entity, and so the possibility of a new name was raised. It seems that name has, at least provisionally, been decided upon: LineageOS. Or Lineage Android Distribution - it could apparently be either.
We've heard from sources close to the project that one current internal nickname is "Laos" or LAOS, standing for Lineage Android Operating System. While the name is still subject to some debate, an official repo bearing the LineageOS name has popped up. The title on the page is Lineage Android Distribution, so perhaps LAD could be a nickname, as well.
The repo is very active, with bits of CyanogenMod being pulled in even as I write this article, and we have it on good authority that this repo is indeed associated with the reorganization effort, at least at this time. We don't know much else about the project or its status, and it's safe to say that a lot of what's happening is very fluid right now, regardless, so anything and everything could change.