CyanogenMod Teases Something Very Mysterious

"A New Challenger Appears, A New Nemesis Appears"

A mysterious video that starts with "Nothing can be perfect, things can be better" was just posted by the CyanogenMod team on YouTube. The 31-second animation teases... something.
What could it be? A CyanogenMod phone? Upcoming Android 4.3 support (I really doubt this is what the video is about)? Something else completely mind-blowing or ultimately disappointingly overhyped? One of the frames shows the word "FREE" on a lockscreen - that can't be a coincidence. Or can it (Free is a French carrier)?

Something wicked this way comes.
Nothing can be perfect. Things can be better.
The right [person, pixel, look, path, spark, feeling, formula, tap, person (person again?), action, reaction, smile, word, music] at the right time.
The right memories.
A new challenger appears.
A new Nemesis appears.