Nexus 7 2012 getting Lollipop
October 16, 2014
Yes, even the 2012 Nexus 7 will get updated to Android 5.0 Lollipop
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