After having seen that CoffeeScriptRedux supports SourceMap, I did a quick and dirty Guardfile for the project I'm working on. Quick, because I did an inline Guardfile, Dirty because I dealt with paths by making symbolic links. I dont really know how paths should work in source maps.
If you have a better solution, please share !!
To setup CoffeeScriptRedux read this excellent post http://ryanflorence.com/2012/coffeescript-source-maps/
In my case I have coffeescript files in coffee
directory and generated javascript files in js
directory.