The major version change wasn't done because of any major feature or change in process or really anything exciting at all. Linus Torvalds changed it because he felt the minor version number was getting a bit large and he liked 4.0 better. It was really a whim more than any thing contained within the kernel itself. The initial merge window builds of this kernel in Fedora were even called 3.20.0-rc0.gitX until the 4.0-rc1 release came out.
In fact, this kernel release is one of the more "boring" releases in a while. It has all the normal fixes and improvements and new hardware support one would normally expect, but overall it was a fairly quiet release. So version number aside, this is really more of the same from our beloved kernel development community.
However, there is one feature that people (and various media sites) seem to have keyed in on and that is the live patching functionality. This holds the promise of being able to patch your running kernel without rebooting. Indeed, this could be very useful, but it isn't quite there yet. And it also doesn't make a whole lot of sense for Fedora at this time. The Fedora kernels have this functionality disabled, both in Fedora 22 and Rawhide.
What was merged for 4.0 is the core functionality that is shared between two live patching projects, kPatch and kGraft. kPatch is being led by a development team in Red Hat whereas kGraft is being developed by a team from SuSE. They both accomplish the same end result, but they do so via a different approach internally. The two teams met at the Linux Plumbers conference last year and worked on some common ground to make it easier to merge into mainline rather than compete with each other. This is absolutely awesome and an example of how new features should be developed upstream. Kudos to all those involved on that front.
The in-kernel code can accept patches from both methods, but the process and tools to create those patches are still being worked on in their upstream communities. Neither set are in Fedora itself, and likely won't be for some time as it is still fairly early in the life of these projects. After discussing this a bit with the live patching maintainer, we decided to keep this disabled in the Fedora kernels for now. The kernel-playground COPR does have it enabled for those that want to dig in and generate their own patches and are willing to break things and support themselves.
In reality, we might not ever really leverage the live patching functionality in Fedora itself. It is understandable that people want to patch their kernel without rebooting, but the mechanism is mostly targeted at small bugfixes and security patches. You cannot, for example, live patch from version 4.0 to 4.1. Given that the Fedora kernel rebases both from stable kernel (e.g. 3.19.2 to 3.19.3) and major release kernels over the lifetime of a Fedora release, we don't have much opportunity to build the live patches. Our update shipping infrastructure also isn't really geared towards quick, small fixes. Really, the only viable target for this functionality in Fedora is likely on the oldest Fedora release towards the end of its lifecycle and even then it's questionable whether it would be worth the effort. So I won't say that Fedora will never have a live patch enabled kernel, but there is a lot of work and process stuff to be figured out before that ever really becomes an option.
So that's the story around the 4.0 kernel. On the one hand, it sounds pretty boring and is likely to disappoint those hoping for some amazing new thing. On the other hand, it's a great example of the upstream kernel process just chugging along and delivering pretty stable quality kernels. As a kernel maintainer, I like this quite a bit. If you have any questions about the 4.0 kernel, or really any Fedora kernel topics, feel free to email us at the Fedora kernel list. We're always happy to discuss things there.