Semi off topic but you mention at the end possibly being merged into 4.7.4. This seems a bit confusing to me as doesn't WordPress usually only change the last number for bug and security fixes. The below is irrelevant if this is just a typo.

Not adding new features and waiting til 4.8 to be added? I mean I remember reading that the next big update which I thought would of been 4.8 wasn't going to be the normal 3 - 4 month cycle. Due to focusing on the features rather than restricting themselves to the timeframe.

Does this also mean then that feature releases even if small like this would go through RC versions and be released automatically or would automatic updates still be restricted to bug and security fixes?