Cyanogen has been cranking out the nightlies, but they have approached the milestone builds a little more conservatively only releasing them once a month. Today they released M3 which is not as stable as they would like but meets their criteria for daily driver status at the very least. The latest incremental is based on 4.1.2, but don't worry the latest 4.2 versions will be merged into nightlies sooner than later. Once 4.2 is merged we will have CM10.1 so I guess we will see CM11 with the release of KeyLimePie later next year.
The newest build can be found here