Pretty generous? 6 month grace period? My ass. Then minute i finished a project i was working on on the new update, the program wouIdnt let my convert to mp4 without whipping out my mighty credit card. I also was definitely not warned of a potential update or that I would no longer be able to use the program after the update and that the money I forked out to get this program wasn't updates included. Also I can't imagine how NCH wants us to go through the list of 100's of unorganized installer files to find the old version. Make it two people switching.