Microsoft has released Microsoft Dynamics AX 7 Update 1. It will be interesting to see seamless upgrade using LCS - a working example of how LCS will reduce upgrade time compared to previous cumbersome process of upgrading each instance manually.
Release notes and detailed steps to update using LCS are available here.
New/Deprecated features are available at links below:
May 2016 – Platform featuresMay 2016 – Application features
Majority of improvements in areas like Web client, Analytics and Development - My favorite is Web client (differentiating feature in AX7) and Analytics.
Dynamics AX Road map
Dynamics AX Road map
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