Continuous integration is a "build" but it's part of the programming part of the development cycle. Just like the "tests" in TDD are part of the programming part of the development cycle.
There will still be builds and testing as part of the overall development cycle.
The point of continuous integration and tests is to shorten the feedback loops and give programmers more visibility. Ultimately, this does mean less problems in testing and builds, but it doesn't mean you no longer do the original parts of your development cycle - they are just more effective and can be raised to a higher level, since more tivial problems are being caught earlier in the development cycle.
So you will still have to have a code freeze (or at least a branch) in order to ensure the baseline for what you are shipping is as expected. Just because someone can implement something with a high degree of confidence does not mean it goes into your release without passing through the same final cycles, and the code freeze is an important part of that.
With CI, your code freezes can be very short, since your final build, testing and release may be very reliable, and code freeze may not even exist on small projects, since there is no need for a branch - you release and go right back into development on the next set of features very quickly.
I'd also like to add that CI and TDD allow the final build and testing phase to revert back closer to the traditional waterfall (do all dev, do all testing, then release), as opposed to the more continual QA which has been done on projects with weekly or monthly builds. Your testers can use the CI builds to give early feedback, but it's effectively a different sort of feedback than in the final testing, where you are looking for stability and reliability as opposed to functionality (which obviously was missed in the unit "tests" which the developers had built).