I'm looking out my window at Lake Champlain now, so I'll give some updates. It is still at record high levels and that mostly affects those with seasonal camps in low lying areas, although there are plenty of year rounders suffering damage in the northern NY region where flat farms meet the lake. Road closures are mostly over with and all ferries are running (maybe not the Ticonderoga one). The only concern I'd have about doing the Lake ride would be camping in lakeside campgrounds. Call first to see if something on your route is open. I'd also concur that the NY side has some awesome cycling. I moved over to NY from VT a few years back for a few reasons, but a big one was the miles of back roads with very little traffic, great riding. I think if I wanted to tour Vt, I'd look at riding in the "Northeast Kingdom" which is what it sounds, the NE section. It is beautiful, rural, has a great lake of its own (Memphamagog) which it shares with Canada and has some good camping and B&B's.

Good luck and give us a report