The sizing for the K4 is pretty much the same, but the upper has been pulled in just a bit, so it feels a little closer to the foot, not as baggy. I think those heat welded overlays tend to make the upper buckle and ripple and feel a little baggy. Since they've reduced the amount of the Flexfilm, it seems to fit cleaner. The length is pretty much the same that I can tell thus far.
I never had an issue with the heel chewing my Achilles, though I know a few who did. So far, I haven't heard any similar complaints about the K4.
The Kinvara are an awesome shoe. The only real weak spot has been the upper, which seems to be improved this time around. The new drop in they've added to the heel is so far unnoticeable, so I wonder what the real value was in adding it. I was told it was to make the transition smoother, but I'm not so sure that it makes any difference at all.
All told, they're one of the best trainers you can buy, no doubt.