Kamikaze
Are you saying that you think that after crossgrading, you believe the product you have will no longer work after a period of time, say one year?
That depends on what you mean by "work". If you are able to freeze the OS environment (say by using a virtual machine) and you don't care if any new devices or plug-ins work in the future, then the first Bandlab release should be able to work indefinitely. But of course, you don't need Bandlab for that. You have exactly the same situation today with SPLAT.
If you are expecting perpetual support and patches for free, I'm not sure that is what the gentleman meant to imply. And frankly I would be very suspicious of any company promising that. They need a business model that will work for them. To Mr. Meng's credit, clearly he sees value in the existing user base and apparently is prepared to be generous in order to keep that base active. I think that is wise. What he may want to do beyond that is something we could speculate on, but I don't think it is good to attack others here who might be a bit more circumspect than you are.
Personally, I am quite interested in this new direction. The world doesn't need yet another DAW. A business model only makes sense to me if the "Bandlab DAW" evolves to embrace new market segments or categories. This is what Ableton did with live performance and it was a good move for them. Reading between the lines, it appears to me the vision for Bandlab might be to extend the DAW to make it more of a "songwriter's platform" so to speak, rather than a general purpose DAW. That is the focus of some of the existing Bandlab assets, and one can easily see a synergy between those assets and a "back end DAW". But I am just speculating. I'm not making any purchase decisions based on such guesswork. It will all be revealed in due course. It could be very exciting, but not exactly what you and others have in mind, if you are just looking for the continuation of the "basic DAW" in the Cakewalk tradition.