A group of Microsoft Products and technologies used for sharing and managing content, knowledge, and applications.
I would do a search about this before accepting the advice of the Msft reps here who have to tow the Msft line, which isn't exactly truthful. As has been proven over and over, when you exceed 5k items, most operations requiring a query of all items will fail, regardless of what you do to mitigate that. The misnamed "list threshold" is not new as you suggest and is in reality a hard item limit that you exceed at your peril. Msft will not help you resolve the problems exceeding the limit will cause.