I was considering switching I saw this caveat...
"For clarity, the Canonical Livepatch Service is only available and supported against the generic and lowlatency GA kernel flavours for 64-bit Intel/AMD (aka, x86_64, amd64) builds of the Ubuntu 16.04 LTS (Xenial) release. HWE kernels are not supported at this time."
https://wiki.ubuntu.com/Kernel/RollingLTSEnablementStack
Also, it's not clear if there is a different kernel/command for upgraded kernels on a server.
EDIT: looks like it's going to be "linux-generic-hwe-16.04"
For me, canonical-livepatch status --verbose has never showed me any fixes, running linux-image-generic on 16.04.
It's not clear to me if upgrading to HWE would correctly disable the livepatching.
I won't say that the End of Life illustration is easy to interpret, but it shows how Ubuntu releases work:
According to https://wiki.ubuntu.com/Kernel/LTSEnablementStack#Kernel.2FS... you are now at the Linux kernel 4.4 and it will remain the same until the EOL of Ubuntu 14.04 (in 2019).
It's a little bit surprising coming from Debian stable releases, but makes sense.
1. If you are happy with how Ubuntu 16.04 works for you, you get to keep it and you receive support until 2021.
2. With Ubuntu 16.04.2, you get the option to switch to a new path of updated Linux kernels. If you do so, your Linux kernel will get updated every six months, until 2021.
For the first update with Ubuntu 16.04.2, you can enable to get the 4.8 kernel that was used/tested in development version of Ubuntu 16.10.
In the subsequent update with Ubuntu 16.04.3 (around July 2017), you will be updated to that Linux kernel that was used/tested in Ubuntu 17.04 (to be released in April 2017). And so on.
The command to switch you to the new path of updated kernels (updated every six months), is
sudo apt-get install --install-recommends xserver-xorg-hwe-16.04