Co base superalloys strengthened by coherent L12 ordered γ′ precipitate in a disordered face-centered cubic γ matrix represent a new opportunity for high-temperature alloy development. The emergence of alloys with low density and high specific yield strength at elevated temperatures has further energized the research and development efforts in the last 5 years. Initially stabilized by the addition of small amounts of Nb and Ta, these new generations of alloys with multiple alloying additions to form basic quaternary and ternary alloys have steadily expanded the property envelopes to raise hope for a modern class of superalloys with higher-temperature capabilities. This article reviews the work of a vibrant set of researchers across the globe whose findings are constantly unlocking the potential of these alloys. These developments have achieved high-temperature strength (at 870°C) >0.6 GPa, γ′ solvus temperature exceeding 1,100°C, and densities between 7.8 and 8.6 g/cm3.