The Easter 3.9-rc5 release announcement by Torvalds reads:
Another week, another -rc.For those not up to speed on the Linux 3.9 kernel, check out the top features of this forthcoming open-source update. There's also some Linux 3.9 benchmarks and a HDD/SSD file-system comparison so far to date.
I'm like the US postal office - "Neither snow nor rain nor heat nor gloom of night" will keep me from doing weekly -rc releases. A little holiday like Easter? Bah, humbug. It might delay the release email a few hours because a man gotta stuff himself with odd seasonal desserts (and the Finnish Easter desserts are odder than most), but it won't stop the inevitable progress towards a final 3.9 release.
So there it is. A shiny new release candidate, just waiting for testing.
Nothing really peculiar stands out. Exynos DRM updates, IBM RamSan driver updates are a bit larger, l2tp update... The rest is pretty much small patches spread out all over. Mostly drivers (block, net, media, tty, usb), networking, and some filesystem updates (btrfs, nfs). Some arch updates (x86, arc).
Things seem to be calming down a bit, and everything seems largely on track for a 3.9 release in a few weeks.