Announced for release at the end of the month! The most considerable change moving over to a 64 bit platform. No more Out Of Memory problems! I don’t foresee any problems with FMGS and P3D v4 compatibility unless SimConnect functions have changed. Poppet has an extensive list of the updates in V4.
Jordan has you covered for a first look:
The dynamic lighting in V4 is also looking amazing. Here are some shots from the FlyTampa Boston project: