Well, ideally, yes. It's a MASSIVE performance boost over KitKat. And the UI is absolutely smashing. Plus, the KitKat tree can be forward ported fairly easily to Lollipop. It might be worth a shot.
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Well, seeing that KirmaniArslan stopped building for pico until CM finishes porting their apps to Material, will postpone that until CM12 is announced. ION build is very close to pico tree, and there should be no problems in porting.