This release stabilises Generic Associated Types (GATs), a limited form of Higher Kinded Types. This is only an MVP release, but it already includes enough to be useful, and has been a huge multi-year effort (the RFC for the feature dates to April 2016).
Novice users of Rust probably won't use this feature directly, but it gives a lot more power to library authors to write more flexible APIs while still keeping all of Rust's strict correctness guardrails (i.e. exposing a safe API). It will also form the basis of the upcoming "async functions in traits" feature.
This is probably the most significant Rust release in the last couple of years.