Updated: Comment #0 [no updates yet]
In Help text and possibly elsewhere (but I think mainly in help text), we need to have a standard way to refer to "entities" and "entity bundles" for Drupal 8. This needs to be added to the UI text standards page:
This is coming up in the effort that is underway to update the hook_help() text. Specifically, in
For instance, we need to explain in the Link module's hook_help text how to reach the Configure page for a link field. The proposed text is something like this:
Configuring field settings
To configure the settings for a link field, go to the edit page for the [entity] and click the Manage fields link. [...]
We need to know what to put in there for [entity] ... technically really in this case it means "entity bundle" to programmers, but there is no way we want to put that in user-facing help, right? :)
And there may be places in the UI where we want to refer to "entities" as well, but I'm not sure. That may be confined to programmer-facing documentation, in which case we'd want the technical term anyway.
batigolix proposed in comment #8 on the Link field help issue to say:
entity (content type, user, taxonomy term, or comment)
This is not quite technically accurate, since really it's "entity bundle" to a programmer, but it does get the point across and defines the word "entity" that is being used there.
1. Decide on wording for "entity bundle" and maybe for "entity" as well.
2. Update the standards page https://drupal.org/node/604342
3. Use this in various hook_help text issues and probably elsewhere.
User interface changes
References to entities and bundles in UI would need to be updated, if any.