You started you post with a request for a definition, then you gave your definition. Now you are saying it's well defined.
I'm saying I believe with the way they are presenting the release with those 2 pages, that content includes the features. It makes sense to me that this is content. They have written they they would be working on releasing the developments as they are ready, instead of in an annual release as before. Again indicating that this developments, be they plug ins or features are content.
The new content since the last release includes
New! VocalSync in Plat only
New! Pattern Tool
New! FX Racks
New! Expanable Sends
New! Control Bar Enhancements
New! Mix Recall
New! Audio Snap Enhancements
FX Stacking
Expandable Sends
PRV Enhancements
MIDI Enhancements
Direct Stream Digital
Recycle/Pin Plugin Windows
Command Center
VST Enhancements
I'm not really excited about any of it, but in becoming a 'member' I then get the same volume of development, then I'd be happy.
I'd rather plug in and stuff be outside purchases personally, and the content to be more functionality, be it enhancements or new features.