Majoru Oakheart
Adventurer
They are basically reverting the changes through in world deus ex machina, though (just like they implemented them, making previous ''history'' moot in the new era --even though FR authors have been trying to tie the two parts as of recent--. And of those 100 years of history, only a really minor part is actually ''history'', the rest is mostly blank space). They have said that the Realms had gone off track, or something along those lines, then they talked about restoring the feel and ''old faces'' coming back and so on. Given that so many of the end 3e and 4e changes were about removing stuff, I'd say that it is a pretty major change.
From everything written in the Sundering adventures, in the Starter Set adventure, in the novels printed since the Sundering, as well as the hints I've seen some of the devs post online, it REALLY sounds like the 5e Realms is almost identical to the end of the 4E Realms.
A couple of WOTC people have said that the 4e Realms book is still mostly correct. The Adventurer's League Player's Guide tells you to refer to the 4E FRCG for information about the Realms.
As far as I can tell, the situation is that the Realms is still nearly identical to the 4e book except that Mystra and some other gods have come back and everyone is aware of them and are worshiping them again. The Weave has returned and people are once again casting magic using it instead of the Non-Weave casting method they invented after the Spellplague. The countries that have appeared as part of the Sundering are all reverting to their pre-spellplague condition. The implication is that their description from 3e is likely still mostly correct. Elminster has regained his full power. Though most of the main characters are still dead because of the time difference between the 3e books and now as well as many of them dying in the Spellplague. Drizzt and all his companions are back alive again due to the events of the novels.
Otherwise, it appears to be business as usual for the Realms. If you are a really big Realmslore fanatic, I know that you'll really want a lot more detail than this. However, the Realms are able to be run in their current form with that information.