After Qualcom released new graphic blobs for ARMv6 I was able to get CyanogenMod 9 working on my HTC Wildfire S pretty well. There are still some problem which need to be fixed. GPS isn’t working, if you have GSM/3G turned on the battery drains pretty fast. I’m currently trying to get the camera working. There is also a wakelock bug with bluetooth in the kernel right now.
If you’re a developer working on a msm7x27 device and are interested to work together join #cyanogenmod-msm7x27 @ freenode.
You can find my work at http://git.cryptomilk.org/