The Galaxy S II has been released for a while in Europe now, but there's still not even a nightly of the much anticipated CyanogenMod. No, I'm not giving you a nightly here, but I can point you to this video that TeamHacksung released. It shows the Galaxy S II sporting CyanogenMod 7 and it's actually running pretty well. There are still a few issues, though. HD recording doesn't work, and neither does the bluetooth or FM radio. However, the team says they're not far from solving those.
So, we're testing hardware encode/decode using +Andrew Mahone 's work from last night, and I am trying to get Bluetooth working correctly and SGS2 could go into nightlies.
I have received an updated statement: As soon as the HD recording gets fixed, there will be nightlies. Go and check out the video after the break!