Here is another featured moved to kernel mode. Yea it's Windows Authentication which is by default configured to run in kernel mode.
There are so many things which has changed in IIS7 for the better and one of them is about the way SSL works. Although IIS6 allowed kernel mode SSL (starting with Windows 2003 SP1) that wasn't the default option. As far as I know (AFAIK) not many customers used it or knew about it.