I never did post a note here that I finally got all the paperwork in for the CISM. I passed the test a while back, but it took a bit to follow up with the paperwork. One challenge I see is that it is much more limited about what will qualify for CPEs.
I listen to a lot of podcasts and while the CISSP allows those, the CISM appear to not count them. Going and sleeping through a conference is fine as long as you have the piece of paper at the end. I will have to keep my eye out for valid outlets to keep this updated. Fortunately it looks like the classes I teach will help, so I may not have as hard a time as it seemed at first.