Most of the above all at once, probably. Except increased frequency, as that becomes problematic as you keep piling on the megahurtses.So what advantage does Stacked memory hold over standard memory ? less latency? faster access times? or just plain old increase in frequency ?
Probably it will rather be a very wide bus instead, with significantly lower frequency compared to modern GDDR. That way you won't need a giant signal driver on the memory IC taking up a huge portion of the die, and also not the same on the ASIC side.
Main question will rather be how you'll cool your stack. Now, NV seems to be stacking memory on the substrate rather than straight on the GPU, so it is not likely to be an issue. However to fully realize the performance benefits of stacking, eventually we would have to put the memory straight on the die, and then heat becomes quite an issue.