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[Tranquility]

Greetings,

I've spent all day on this so far and haven't come up with any definitive answers so I am posting here.  Forgive me if these questions have been answered, I haven't found them yet.

History:  I have a Verizon HTC Droid Incredible 2 that a friend gave me when she upgraded.  As of this moment it does not have a SIM card, and there is a slot available for one.  I called T-Mobile and a SIM card is on the way from them.  I am opting for a pay-as-you-go solution because I really don't care about data, coverage for data is spotty in the rural area where I live and not worth the cost of a contract with a carrier like Verizon.  I unlocked the phone today with an online service (gsmliberty.net) and it worked great.  So I have an unlocked phone, Verizon's stock ROM, and a SIM card from T-Mobile on the way.

I want to use Cyanogenmod if possible, to use the phone for calls (of course) and to use wifi when it's available.  I want to be able to use the phone as a music player, snapshot camera, and play audio books on it too.

Questions:

Does Cyanogenmod work with T-Mobile's pay-as-you-go GSM network for making calls?

It is my understanding from reading scads of forum posts that CDMA vs GSM is all about data speeds, is that correct?

If Cyanogenmod does work well with GSM, which ROM would be my best bet to use? CGM7 or CGM9?
I currently use a nightly build of Cyanogenmod 9 on my HP TouchPad and love it, I would like to use it on my phone as well.

Thank you ahead of time for any and all useful information.