communities
it's a band-aid, popular instances will be still under pressure to serve end users. Ok, they got the message through push from some other server instead of their user submitting it directly and the instance is not responsible for pushes to community subscribers (which is something, but not much, actually), however in the end it ends up stored locally and users still will be sending requests to popular instance to get their content if they are registered there.
users
not happening. It's a problem to change even username (and requires federation consensus first implementation-wise, it's not only lemmy around here), changing user's server will need fairly complex extension for id redirects or update propagation or something.
https://socialhub.activitypub.rocks/t/changeable-usernames/830
In general it's the same problem with migrating communities - you need to somehow update all the existing subscriptions across the federation.
I hope to be corrected on this, but this doesn't look too good.
I'm not shitting on lemmy and activitypub in general, it's a step in the right direction, however there are a lot of by-design issues which makes them prone to the very same problems as non-federated websites.
database migrations will take a while for big instance, but other than that - smooth sailing.