What are Hibernate 7's logging improvements for SQL and parameter binding?

# Hibernate 7 logging configuration:
logging:
  level:
    # SQL statement logging:
    org.hibernate.SQL: DEBUG            # shows the SQL

    # SQL parameter values (NEW - no P6Spy proxy needed!):
    org.hibernate.orm.jdbc.bind: TRACE  # logs actual parameter values
    # Output example:
    # binding parameter (1:VARCHAR) <- [alice@example.com]
    # binding parameter (2:BIGINT)  <- [42]

    # Result set extraction:
    org.hibernate.orm.jdbc.extract: TRACE

spring:
  jpa:
    show-sql: false   # deprecated - use logging.level.org.hibernate.SQL
    properties:
      hibernate:
        format_sql: true
        generate_statistics: true
        # REMOVED in Hibernate 7:
        # use_sql_comments: true  <- use logging.level instead

// Hibernate statistics:
Statistics stats = sf.getStatistics();
stats.setStatisticsEnabled(true);
System.out.println("Queries: " + stats.getQueryExecutionCount());
System.out.println("L2 hits: " + stats.getSecondLevelCacheHitCount());
stats.logSummary();