Motorola Milestone XT720 gets FroYo ROM
Motorola might have dumped a decent Milestone XT720 without any update, but it seems XT720 users can still have some hope. An XDA member Dexter has released a custom ROM with Android 2.2.1 for the phone.
Using this ROM is pretty easy and the current version is stable enough for use apart from some bugs.
You can find more about the ROM and usage instructions at the original thread.