Think so, it should be a little while. The only reason ASOP wasn't good for the Hero was because the source for .29 kernel was never released by HTC. Now that the community has .29 source code, and with Cyanogen able to move to the newer kernel (his kernel is already Froyo compatible version wise), it's better than before.
Donut, Eclair need .29
Froyo needs .32
Past devices: HTC Dream (Rogers), Acer Liquid E, HTC EVO3D GSM, HTC Panache (international myTouch4G), Huawei Ideos U8150, Rogers HTC Magic (myTouch3G variant)
Current devices: Samsung Galaxy Nexus GSM (i9250), ASUS Transformer TF300, Samsung Galaxy S3 i747m (Telus), Huawei Ideos S7