I think the break is a good idea. Hopefully things will calm down a bit while Team M33's taking their break.
I also think it's a good idea to wait until they come back to release 3.71-M33. after all, there could be bugs and things (i doubt there are 'cuz of the talent that M33 has but it's possible) that could make a need for help from the M33 team to do even more before their break.
have a good break, M33! everyone should take a break once in a while.
It's not even a matter of 'deserving' a break. Who can really ever say whether or not a non-profit team of people just helping others 'deserves' a break?
for all the people that would complain about the break, all i have to say is: Grow Up! These people have no obligation to make us Custom Firmware. They do it out of kindness. So leave them alone and let them enjoy their break.