I'll discuss recent results on the geometry of these strata, with special attention to their structure at the boundary of the moduli space. This information yields new applications about the prime-to-p part of the class group of a quadratic function field with specified geometric p-rank; the existence of absolutely simple hyperelliptic Jacobians of every p-rank; and the stratification of the moduli space of curves by Newton polygon. In spite of the apparent technicality of the subject, I intend to try and draw a lot of pictures.
(Joint work with Rachel Pries)