This release features as the most important change the merge of kernel code from the Android project. But there is more, it also includes support for a new architecture (TI C6X), much improved balancing and the ability to restripe between different RAID profiles in Btrfs, and several network improvements: a virtual switch implementation (Open vSwitch) designed for virtualization scenarios, a faster and more scalable alternative to the "bonding" driver, a configurable limit to the transmission queue of the network devices to fight bufferbloat, a network priority control group and per-cgroup TCP buffer limits
http://kernelnewbies.org/Linux_3.3
Official
https://lkml.org/lkml/2012/3/18/132
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edit by trog: subject typo fixed