Core Changes

• Turbopack: Remove unneeded warning for telemetry: #85039
• [cache components] stabilize cacheLife profiles: #85050
• [cache components] show when cache components is enabled in the CLI: #85047
• [cache components]: show cache components enabled in DevTools: #85048
• [Cache Components] correctly label IO promises in devtools: #84928
• Plumbing for cache indicator: #84955
• Upgrade React from 93f85932-20251016 to 1324e1bb-20251016: #84999
• enable mcp server by default: #85058
• Add comment that we expect the function passed to bind to be anonymous: #85070
• Development: Addres comments on request log PR: #84945
• Development: Implement request time for Pages Router: #85012
• [cache components] add cache components indicator to dev start: #85069
• cli: build partial entries --debug-build-paths arg: #85052
• Turbopack: Better error for sassOptions.functions as it's unsupported: #85073

Misc Changes

• add a message about Turbopack tracing: #85044
• Turbopack: Implement next/font/local declarations option: #85051

Credits

Huge thanks to @sokra, @ztanner, @timneutkens, @lubieowoce, @eps1lon, @huozhi, and @sebmarkbage for helping!