CM11: all of a sudden /storage/sdcard0 is read-only


I had the same problem some time ago.
Try to reformat the SD card in cwm.
 
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Well - M1cha put me on the right track: the file-system was corrupted and I had to run an e2fsck to fix the problems ... after that everything is just fine B-)

For the details you can go over to the thread at xda-developers ...