Full federation timeline:
v0.9.5 - Remote follows, remote posts in home timeline (ETA: ~1 day)
v0.9.6 - Shared inbox, profile refetching, bug fixes (ETA: ~1 week)
v0.9.7 - Network timeline (ETA: ready now)
v0.9.8 - Direct Messages (ETA: ready now)
v0.9.9 - Bug fixes and TBA features
Keep in mind that opt-in federation updates in v0.9.5 will be extremely experimental.
Enabling the federation experiments is not recommended for production instances until v0.9.6 or later.