I went through this yesterday. Renewed Sonar Platinum and verified the updated 2017 sub date in my CW account.
Didn't see anything about a new Melodyne, so went to Celemony and logged into my account.
Under the existing Melodyne v2, was this message:
"A free update to Melodyne 4 Essential is available for you. Click the plus sign..blah, blah"
I followed the instructions, and got the v4 upgrade.