NB: The new Luxury Yacht, aka Admin Yacht, is not going into the mod; the GMS ships were also scrapped.
Bretonia in 4.86 will be fighting Gallia, who have invaded through the Taus and cut across the line of assault which the KNF was using. Kusari will be fighting... I don't know. They made an alliance of sorts with Gallia where they agreed not to fight them, after their own fleets were soundly beaten by the invading GRN.
It seems that KNF faction will die because of this. Nobody wants to play military that doesn´t have enemy to fight. Maybe people will move to new Ronin faction.
About yacht - lot of people will be very sad, this vessel was one of the most beautiful new ships.