I'll just mention a significant consequence of that here as I was just hit by it:
Apparently, articles that were last edited before the transition are still rendered the old way, so you don't need to edit your posts to convert them to the new syntax, but, if you edit an old article, whether it's yours or someone else's, then it needs to be in the new syntax.
So if you edit an article just to change the text, you have to bear in mind that it might break the formatting and you need to convert it to the new syntax.
If somebody edits one of your articles, you may also want to double check that it doesn't break the formatting.
That struck me when editing an article of mine that had a list with two levels, written as:
- item1
- subitem2
- subitem2
- item2
That used to be rendered as:
But after an edit that was only changing some wording, it got rendered as:
- item1
- subitem2
- subitem2
- item2
Which completely changed the meaning and I had to change it to:
- item1
- subitem2
- subitem2
- item2