The document discusses upcoming features in Postgres 9.4 including: - Performance improvements such as reduced WAL size for updates, improved GIN index performance, and ability to separate query planning and execution times. - Administration enhancements like ALTER SYSTEM for configuration changes, improved EXPLAIN output, and a new pg_stat_archiver view. - New SQL functions like MAKE_TIMESTAMP and ordered-set aggregates. - Backend changes like PL/pgSQL stack traces, concurrent REFRESH for materialized views, and the new JSONB binary format. - Future directions include additional performance work and SQL features.