If your site uses that dynamic cached content functionality do not upgrade yet. There is a replacement dynamic cached content system but it’s not compatible so you’ll need to update your themes and helper plugins. It’s not difficult but there’s a lot to take in. I hope the example plugin and explanation in that post gets you most of the way there.
If you don’t use mfunc and it’s friends then you should upgrade immediately and it should be painless.
This release also has a few bug fixes and other features. It will now try to repair broken installs after a site migrates. It will update the wp-config.php and rebuild wp-content/advanced-cache.php. It will also delete tags and category cache files when a post publish status changes.