The document discusses the new features introduced in PHP 5.5, including support for generators with the 'yield' keyword, a new password hashing API to enhance security, and improvements to various built-in functions like 'empty()'. It also highlights changes to how arrays and strings can be dereferenced, and mentions the introduction of Zend Optimizer+ for performance enhancements. Additionally, the document notes deprecated features and provides various resources for further exploration of PHP 5.5 developments.