The second release candidate for Zephyr 4.2.0 has been tagged:
https://github.com/zephyrproject-rtos/zephyr/releases/tag/v4.2.0-rc2

The merge window for features and enhancements remains closed until 4.2.0 is released.

We continue in the stabilisation phase, and only bug-fix, documentation and stabilisation patches may be merged to the main branch.

You may continue to submit pull requests for new features to gather feedback early or collaborate with others, but the release team would like to encourage everyone to focus on testing, fixing and helping triage bugs.

Release milestone dates:
https://github.com/zephyrproject-rtos/zephyr/wiki/Release-Management

Release process:
https://docs.zephyrproject.org/latest/project/release_process.html

Dan and Dan, and the full Zephyr Release Team