The OpenStack documentation update for the Kilo release outlines the roles of the documentation team, which includes writers, reviewers, and tool builders, and highlights key accomplishments from the Juno release. Major goals for Kilo focus on enhancing documentation quality, optimizing for automation, and improving user experience through a modern web design. The roadmap includes specific initiatives such as migrating to RST format, maintaining current guides, and updating various documentation resources by the April 30 Kilo release date.