The full version will cost 349 Euro/399 US$. The update from Version 1 will cost 129 €/129 US$

It's better than that. If you purchased the monophonic version of the software within the last few months (229.00 at Guitar Center right now), then the upgrade to the new version is free when it comes out.

I'm probably going to pick up a copy in the next few weeks, in anticipation.