
This is what you have been waiting for. The OPPO N1 will be available for purchase starting from December 10, 2013.
The N1 is available with Oppo's own skinned Android, with CyanogenMod, or with both. Interesting approach that I hope more manufacturers adopt. Too bad the N1 is such an ugly monstrosity - 5.9" (!) with rotatable camera (!) - compared to its beautiful, elegant, understated, and timeless predecessor.

The phone may be ugly or at the very least terribly understated, but I still find the idea of a rotating camera a good one. I don't think I've ever used the front-facing camera on any phone that I've owned, the quality is always so horribly poor that it's just better not to have image at all. So, why waste space on a camera that's not going to get used anyways?
The idea itself is nothing new, I've seen and even used such ones already in the past myself, but in the recent years no one has dared to even try to bring the idea back. Glad to see at least one manufacturer daring to be different.
I don't think it's ugly at all, and apart from the size it looks very comfortable to hold.
I also remember a few PDAs from years past with a rotating camera; I've had a Sony Clie PDA and (I believe) Sony Picturebook laptop with the feature. I don't recall it in a phone, but you're right, the concept isn't new. Nice to see a phone manufacturer bringing it back.
It prevents Android OEMS from shipping Android derivatives that do not pass the Android Certification Test. If Cyanogenmod passes the certification test, no harm, no foul.
In reality cyanogenmod is not that much different than the version of Android that Samsung ships: different launcher, some different options in different spots, and some additional apis.
The phone is far from being an "ugly monstrosity"! Maybe it's not quite as sleek and stylish as it's predecessor (which won't be a universally held opinion) but what an OTT comment by Thom.
http://en.oppo.com/assets/media/products/n1/materials.jpg