From what it looks like to me, it's not so much about a drastic new feature set but rather about trimming down dramatically. You could argue that it really should be like 3.2 -> 3.3 similar to OSX Leopard -> OSX Snow Leopard. I think they gave it a full version upgrade because it WILL (not might) break a lot of apps. That's my interpretation. I might be wrong.
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From what it looks like to me, it's not so much about a drastic new feature set but rather about trimming down dramatically. You could argue that it really should be like 3.2 -> 3.3 similar to OSX Leopard -> OSX Snow Leopard. I think they gave it a full version upgrade because it WILL (not might) break a lot of apps. That's my interpretation. I might be wrong.