Full Featured means everything, essentially tb4 without the cert (40gbit transport, pcie tunneling, tb3 alt mode, 20Gbit usb3.2).
Analog audio and HDMI are usb-c alt modes and not part of USB4 or Thunderbolt for that matter, only DP alt mode is required for usb4 (though dp can be converted to HDMI passively, like what the hdmi expansion card does), the actual HDMI alt mode is quite rare and pretty stupid when you can just do DP and anlog audio is mostly a phone thing and most of those don’t even do that.
The amd chipset (inside the cpu/apu/whatever you want to call it) in the 7040 series chips has 2 full featured usb4 ports with a dedicated 40Gbit link to the cpu for each (they need some external circuitry like re-drivers and stuff so if you don’t hook them up you don’t get USB4). The intel cpus framework uses have 4 full featured usb4 ports sharing 2 40gbit links to the cpu (in the case of framework each side shares 40Gbit).
The product page spells out the port capabilities pretty clearly, top left and right are full featured USB4, bottom left is usb3.2 + DP and bottom right is just usb3.2. DOes the configurator actually call them usb4? Thought the cards were just called type-c.
What do you need 2 USB4 ports on one side for? Having the option to plug a full dock/egpu/whatever on either side is more flexible than being able to plug in 2 on one side. Given the limitations I think the layout they chose is probably the least bad option but I hope they’ll communicate the capabilities better or we will drown in questions like this once they actually come out. Pretty much the only upside of the intel version is having homogenous ports (even if they have to share bandwisth per side).
Given most manufacturers don’t even use both the USB4 ports in the amd chips I doubt they’ll increase them anytime soon but I would love it if they did.
Wake from usb is a thing but you probably should not run it with the lid closed because of the way the cooling works.