The project, code-server, has released version 4.0 after a three-year hiatus since March 2020. The update includes improvements such as a new VS Code architecture and the adoption of the Open-VSX extension registry, which enables support for various language extensions and web extensions, allowing users to seamlessly switch between different IDEs without changing their workflow. The release marks a significant milestone for the project, with over 50,000 GitHub stars, indicating its growing popularity and community engagement.