As I understand it (and I'm in the same situation):
We can certainly get the free update to Melodyne 4 Essential, when it becomes available soon to Platinumites, by installing it from the CCC (which I have never done, as I had Editor installed already and hey, if it ain't broke...) - but we will not get a free upgrade to Editor 4 just because we bought an upgrade to Editor 2 previously. This seems reasonable to me.
I have installed the demo of Studio 4 and am putting it through its paces. An upgrade to Studio from what we have is $125 at AudioDeluxe, which seems pretty cheap for the substantial improvements and new/increased functionality on offer - especially as Noel has dropped hints that further improvements to ARA integration, including tempo, are potentially/probably in the pipeline. I haven't decided yet - either I'll do that (likely), or I'll downgrade to Essential 4 when it drops.