Prepa3D V2.0 will require new licences. It is similar to moving from FS2000 to FS9 to FSX. Each new major version required a new purchase which is typical of most software. Here's a quote directly from the LM P3D forums:
"Version 2 will require new licenses, but like was mentioned before, it is quite some time aways - so please enjoy 1.X now as we work to overhaul the rendering engine and add other features for version 2.0."
Software Manager - Prepar3D® Team
Mike
Thanks Mike for the heads up.
I did email the team but didnt hear back.
Bill