The thing is, you shouldn't be looking to upgrade since the upgrades are for X3 and before.
You should be renewing, which looks like it's not available yet. I think if you pull the trigger on that upgrade you just might be flushing $$$ down the drain.
Here is a quote from cakewalk staff in the link that was posted by gustabo.
"There will be a clear path for renewal/upgrades in January for people like yourself. There is no option to buy another 12 months right now."