[CakePHP] Update description

Update description based on work done in #2268 and #1707.

products/cakephp.md

@@ -232,11 +232,26 @@ releases:
 
 ---
 
-> [CakePHP](https://cakephp.org/) is a free & open source PHP web development framework.  It follows
-> the model–view–controller (MVC) approach and is written in PHP, modeled after the concepts of Ruby
-> on Rails, and distributed under the [MIT License](https://en.wikipedia.org/wiki/MIT_License).
-
-Have a look at the [Bakery](https://bakery.cakephp.org/) for fresh [releases](https://bakery.cakephp.org/categories/release.html).
+> [CakePHP](https://cakephp.org/) is a free and open source PHP web development framework. It
+> follows the model–view–controller (MVC) approach and is written in PHP, modeled after the concepts
+> of Ruby on Rails.
+
+CakePHP follows [Semantic Versioning](https://book.cakephp.org/4/en/release-policy.html). And, from
+3.x onward, major versions also have a name:
+
+| Version | Name       |
+|---------|------------|
+| 3.x     | Red Velvet |
+| 4.x     | Strawberry |
+
+Support and EOL policy for 1.x [was not clearly defined](https://stackoverflow.com/questions/20162089/cakephp-1-x-end-of-support-date).
+2.x and 3.x support and EOL policies are documented on <https://github.com/cakephp/cakephp/wiki>.
+From 3.x onward, [it seems](https://bakery.cakephp.org/2023/01/01/cakephp_3_end_of_life_3105_released.html)
+only the last major release will be actively developed, and older major releases will receive
+bugfixes for 24 months and security fixes for 36 months.
+
+Minor releases also do hold significance for the CakePHP project: the last three minor versions of
+the last major release cycle have security support.
 
 ## PHP Support