Nexus 7 2012 getting Lollipop

Yes, even the 2012 Nexus 7 will get updated to Android 5.0 Lollipop

Android Central

I hardly use my N7 online, so never seen much of a danger of using OFW.

Fingers crossed there could be perfomace improvements, worse case I root it and drop on the quickest lit-weight CFW I can find