The issue that I have mentioned to Celemony a few times is that people do use programs in different ways, so a "light weight" option would be nice for people who want to open an entire song in Melodyne. Editor 2 did this in 10 seconds, Studio 4 takes about a minute, but there is no option that I have seen to disable all of the "added goodies" Studio 4 offers. A simple "run in Editor mode" would suffice (for me).
I am not sure, however, if different versions of Melodyne can co-habitate on the same machine. I have seen people mentioning this, but the installations conflict with each other in some odd ways (both directories and registry entries). Melodyne Essential is included with more DAWs now, so it is easy to have multiple licenses.
Since the higher versions encompass the lower ones, a simple "mode" button would be nice to have.