Hey Guys:
I have 18 Waves plugins.  Use 6 of them religiously.  Just got an email about my update plan: $457.20 for a year.  Again, that's for a year.  I don't think I paid that much for all of them.  I probably won't do it . . . .

max WUP cost is $300 if you use all your plugins on one computer.  Check the box affirming that if that applies to you.  Right now they have an extra 25% off, plus extra through a dealer.

I have the Gold bundle plus a couple of other Waves plugins. The price they gave me for an update plan was a little over $250. I paid $300 or so for the bundle in a sale. There is no way on this earth I would pay Waves $250 for updates especially given that many of the plugins in the bundle they have no intention of ever bringing up to date with modern UI's etc. I love the plugins I have and use them all the time, but Waves' update philosophy and pricing is an unequivocal rip off. 

Something must be coming. I got an email like the OP did. I've bought all my Waves stuff on sale over the last 3 years. I've got 16 plugs and most of them are old and never updated. Waves thinks I'll send them $497 US for the WUP. I laughed so hard I almost blew a nut.
 
I love the plugs, but their idea of a warranty is insane.

Are you guys using the plugins on several different computers? I have Mercury, Abbey Road and SSL and after all the discounts WUP was $191.

I think their WUP prices are probably just inconsistent and/or messed up. I have Gold, H-Reverb, IR-1, and Codex and they quote me at $163. Kinda silly if you are getting quoted at $191 and you own more or less everything they make.
 
It also doesn't add up correctly. If I select the three individual plugins, they quote $64. If I select just Gold, they quote $60. However if I select the whole bunch they quote $163. So it costs me about $40 extra to renew all the plugins, as opposed to renewing them in parts.
 
That is all with the "I run this on one computer" checked (it makes no difference) and I've only ever installed the plugins on one computer.
 
Basically for the price they are asking, I'll just let coverage lapse. If there's something amazing with the v10 upgrade whenever it happens, I'll work out the cheapest way to get it. But for money like that, no point in paying for upkeep. Particularly given the price I got most of the stuff at.

My quote from waves was 225. I then take that to a dealer like everyplugin and get ten extra discount. I get you though. Just buy mercury and then you are set :)

Sycraft
 It also doesn't add up correctly. If I select the three individual plugins, they quote $64. If I select just Gold, they quote $60. However if I select the whole bunch they quote $163. So it costs me about $40 extra to renew all the plugins, as opposed to renewing them in parts.

 
When you select multiple plug-ins/bundles, they are taking the expiration date that is furthest out and then adding a year to that and extending all plug-ins to that date.  The extra cost is the prorated cost of the extra days added to the plug-ins that would otherwise be expiring sooner.

C mon gents,
can anybody here declare the waves WUP a joke ?
Imo it is......

I just don't see what is so special about Waves plugins that it costs so much to keep them updated, when other companies offer free updates.