Microsoft began to release the anniversary update (1607) yesterday and they are allowing it to go out in limited streams, thankfully. The primary concern with an open release is that it would cause network slowdowns nationwide if it went into public release to everyone, so they are trickling out the update. You can still request it early, if you like.
There is nothing really major about the release. Tablets using W10 will now have the same "All Apps" function of the desktop version, WiFi Sense is no eliminated because of the popular belief that it was a privacy invasion, and the action center now links directly to more apps (you may have already noticed popups from Mail, Money, and News, but now other apps can send out notices (Aces High perhaps? - no, so far limited to MS apps) and you will get notices on the desktop screen. There are also now extensions (limited) for Edge.
Not much to be excited about, but I do think it is cool that MS is listening to users even if it is in a limited way. Thurrott indicated that there would be no mobile update, but I could not find his article about that (if he even wrote one).