After the CyanogenMod and AOKP ROMs, the Paranoid Android team is the most popular one in the Android community. In the past, the Paranoid Android team has came up with some unique features including per-app DPI settings, PIE mode, and much more recently, Halo. 

After the release of Android 4.3 from Google, the PA team is working hard on bringing all of its features to the latest version of Jelly Bean. However, the PA team is also working on something bigger and better simultaneously. The PA team is aiming to shift from the custom ROM scene, and instead provide full-fledged “professional” firmware to its users. This is something which even the CyanogenMod team has not tried yet, and it will be interesting to see how the PA team implements and executes this idea.

Below is the whole statement from the PA team -:

We have big plans for Android-next. It will take a while but eventually it will mean that we will stop making roms and start worrying about a professional firmware, something that in this writers mind no one in the rom scene has achieved including us. It should be a clear split from the usual hacky/nerdy/read-every-post-on-XDA-before-you-understand madness. It will be a split from throwing a million features that no one ever asked for on peoples shoulders at the expense of visual refinement intuition and stability.A more detailed anouncement will follow at some point.

With the CyanogenMod team’s Project Nemesis already underway and the PA team working on something new and big, it will be interesting to see how the future of custom ROMs change.