When you purchase a brand-new license, you get three months of updates. If 
you purchase what is now called a "software assurance" plan, you get all new 
versions released within 12 months/1 year from the day you purchased the 
pack.

http://www.runrev.com/whats-new/new-lower-pricing/

If you purchased (what was then called) an update pack in Spring 2008 then 
the year would have run out, as we're now in late summer/autumn 2009. 
Suggest you write support for the particulars in your situation.

The good news is that update packs/software assurance plans have gone down 
quite a bit in price.

Joe Lewis Wilkins wrote,
> When I purchased a new license last spring, I was under the impression 
> that I would be entitled to all of the releases made this year. Is  that 
> NOT the case?



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