Stored Procedures, Views, Triggers, Query Cache, and Prepared Statements are gone for now. The field types have been simplified and there is an open debate about the SHOW commands (I am falling into the camp that think they may just belong in the client application but not in the server).

Will any of this go back in? It is hard to say. The goal right now is to target a certain class of applications/developers and see if this is useful. As an example:

1) Web based apps.
2) Cloud components.
3) Databases without business logic (aka stored procedures).
4) Multi-Core architecture.