The day that many ROM enthusiasts have been dreading has arrived: the CyanogenMod Team has announced the end of life support for the original Nexus One, along with other first-generation Snapdragon devices, including the HTC EVO 4G, [Droid] Incredible and Desire and others. None of these devices have official builds of CyanogenMod 9 (though plenty of independent ROM developers have done their best) and they won't be getting any CM updates beyond the 7.X Gingerbread branch.
While its author openly claims the ROM is far from perfect, most Incredible owners would probably be happy to give this new ROM, codenamed Sky Raider, a whirl simply to see what Froyo+Sense feel like on their rare, practically extinct, phones.
While have not yet tested Sky Raider ourselves, the installation should be familiar to most rooted Incredible owners who have flashed a ROM before.
Note: this ROM appears to require a full wipe (system/user data or “factory” reset).