Just saw this on Facebook moments ago!!
https://www.waves.com/support/waves-update-plan
Basically, Waves are now introducing a second license with their plugins for no additional cost. Well there does seem to be one caveat, that second license will only work while your WUP is valid. But on the plus side there is exclusive access to new plugin deals and Waves pro-level masterclasses.
Given that you get a voucher to the value or your WUP as well, that certainly sounds to me like it’s worth the price of admission