[docs] [chore] Update the Release doc (#12052)

docs/release.md

@@ -40,7 +40,7 @@ Before the release, make sure there are no open release blockers in [core](https
 3. Manually run the action [Automation - Prepare Release](https://github.com/open-telemetry/opentelemetry-collector/actions/workflows/prepare-release.yml). This action will create an issue to track the progress of the release and a pull request to update the changelog and version numbers in the repo.
    - When prompted, enter the version numbers determined in Step 2, but do not include a leading `v`.
    - If not intending to release stable modules, do not specify a version for `Release candidate version stable`.
-   - **While this PR is open all merging in Core should be halted**. This should be enforced automatically: the `Merge freeze / Check` CI check will fail and the merge queue will reject PRs as long as a PR with the `release:merge-freeze` label is open.
+   - **While this PR is open all merging in Core should be halted**. This should be enforced automatically: the `Merge freeze / Check` CI check will fail and the merge queue will reject PRs as long as there is an open PR with `[chore] Prepare release` in its title.
    - If the PR needs updated in any way you can make the changes in a fork and PR those changes into the `prepare-release-prs/x` branch. You do not need to wait for the CI to pass in this prep-to-prep PR.
    -  🛑 **Do not move forward until this PR is merged.** 🛑
 
@@ -236,7 +236,6 @@ Once a module is ready to be released under the `1.x` version scheme, file a PR
 
 | Date       | Version  | Release manager                                   |
 |------------|----------|---------------------------------------------------|
-| 2025-01-06 | v0.117.0 | [@dmitryax](https://github.com/dmitryax)          |
 | 2025-01-20 | v0.118.0 | [@codeboten](https://github.com/codeboten)        |
 | 2025-02-03 | v0.119.0 | [@bogdandrutu](https://github.com/bogdandrutu)    |
 | 2025-02-17 | v0.120.0 | [@jpkrohling](https://github.com/jpkrohling)      |
@@ -246,3 +245,4 @@ Once a module is ready to be released under the `1.x` version scheme, file a PR
 | 2025-04-14 | v0.124.0 | [@TylerHelmuth](https://github.com/TylerHelmuth)  |
 | 2025-04-28 | v0.125.0 | [@atoulme](https://github.com/atoulme)            |
 | 2025-05-12 | v0.126.0 | [@songy23](https://github.com/songy23)            |
+| 2025-05-26 | v0.127.0 | [@dmitryax](https://github.com/dmitryax)          |