From http://www.mymobnet.com/android-5-0-lollipop-os-features-release-date-details/

After the Android 4 Kitkat comes the Android 5 Lollipop operating System that we used to know as the Android L. Android has officially confirmed to us the features of this Android 5 Lollipop OS and I know you certainly wants to know the release date of Android 5 Lollipop.
Just like the Apple iOS 8 update, Google claims that the Lollipop release is one of the biggest thing that will happen to Android OS ever!
What will you find in the Android 5 Lollipop Operating system?
We have been spending great deal of time in getting real personal with the virtual version of the Lollipop operating system. This new OS from Google is very promising and certainly worth describing as one of the biggest thing to happen to Android Operating system.
Anyway here is what you shall expect to find in and from the Android 5 Lollipop operating system:
1. Multiple platforms and devices:
For the first time, an Android OS shall run not only on phones and tablets like the predecessors of the Lollipop OS. But this present one shall be compatible with multiple platforms and different kinds of devices. Android 5 Lollipop is that OS that will feature on Phones, Tablets, Watch, TV, Car, etc. Like you must have sensed, Google plans to take the Android Operating system to what it is now as basically a Mobile operating system. To what we can call a universal Operating system for all gadgets and electronic devices, everything soon will be going smart!

2. New Look and User Interface:
Lollipop OS is surely crawled out of the typical Android look to a brand new design and User Interface. We are so pleased with the animation associated...

Source and more on Lollipop including devices, release date and features http://www.mymobnet.com/android-5-0-lollipop-os-features-release-date-details/