I like the way Cyanogenmod works with having "Stable, Release Candidate, M-series, and Nightlies" [1]. Maybe we could setup a quarterly official release and do an "M-series" style release once a month? The emphasis on making sure the M release would be working, but would require less scrutiny to release.
[1] http://www.cyanogenmod.org/about "The variants of the firmware are split into categories, such as: Stable, Release Candidate, M-series and Nightlies. The Stable version, as suggested by the title, is the tried and tested variant of the firmware proven to be mostly bug free and suitable for daily use. The latest stable version is available for an assortment of the officially supported devices. A Release Candidate (RC) build may not be the final version, but a variant that has no fatal flaws or bugs, on the stabilization stages to become the final product that is the Stable variant. M-series releases behave similar to the RCs, but are considered 'stable' for our users. Lastly we have the Nightlies, which are as volatile as a firmware can get. These releases keep coming at an interval of a day or two and if you do end up trying one of these, do not be alarmed if your device goes cuckoo on you. These ROMs are largely untested, and as advised by CyanogenMod, not meant for use for an average user. These releases, are meant to test untested waters that may or may not break your phone"
