The final Minecraft update includes rabbits and the ability to eat your sheep. So, instead of just feeding your sheep for the wool, now with Minecraft Bountiful update you can eat them.
Also, the update includes a new type of block, customized world type, underwater fun, bunnies and some other changes. More details about the update can be found here.
If you are interested in the console version of Minecraft, you might like to read about when it will be available for Xbox One, PlayStation 4 and Vita.