Without discussing the legal status of the purchases from and commitments made by Cakewalk, there is still customer perception that BandLab has to manage. On that front, we have yet to see what they have to offer. I reserve judgement until that time.
Perception means a lot. For example, in the OP the claim is made
markarbogast
I finally purchased the lifetime updates reciently.
IIRC, LTU were sold in the last half of 2016. To some that might not be recent but it appears to be the case for the OP.