Exactly, I can upgrade from Cubase Elements 7. but with each year that goes by, my discount is reduced. This is standard practice with most software. If you like the software it is always in your best interest to follow the upgrades and buy when on sale. Cakewalk has been overly generous over the last few years and anybody paying attention will have probably ended up with the last version for pretty near half price.
And to answer this
"For the life of me, I can't figure out why Steinberg does not extend this offewr to older Sonar users. Not doing so means many will simply buy another DAW. Not very smart business IMO." Why would someone choose a DAW based on price only?? That's absurd. Everybody tries the demo's and then decides which DAW they like best. Price might be a factor for a few but Cubase is a high quality mature DAW and it's price reflects that placement in the market. That market already has a large user base. Why would they choose to devalue it just to grab a handful of ex Sonar users?
Discounts only are used when a company is desperate for business, I don't think Steinberg is suffering, Possibly it is because they are
good business managers that they are where they are right now.
Most of us just stayed with Sonar because there seems no reason to spend $100-$300 when we have a working DAW that meets our requirements still. All these other DAW's are always on sale at some time or another there is no reason to panic about purchasing a new DAW.