The document discusses several new features introduced in Java 5 that aim to simplify Java development:
1) New collection classes and concurrent utilities were added to the Java library to provide more robust functionality out of the box.
2) Covariant returns allow overriding methods to have a more specific return type as long as it extends the original return type.
3) Enhanced for loops (foreach loops) improve readability when iterating over collections by eliminating the need for iterators.
4) Autoboxing and unboxing automatically convert between primitives and their corresponding wrapper types.