The first release will just focus on creating a functional wallet with as many updated features from BTC source as possible (without forks).

Depending on the reception and adoption(mostly by Chinese users as they are more than 90% at this point), I'll decide on whether to put a soft fork up for the network to vote on. If the network does vote to pass the first soft fork, I'll make additional proposals to improve the network and they can either be accepted or rejected by the miners just like in BTC.