Thats exactly how it works, if an applicable product upgrade is released during your license term you then yes you get a license for the new version as well. Once your license runs out (and if you don't renew) your existing licenses are still valid (I think theres a few exceptions to this though.) Something you should know is that most stuff is licensed for "development and testing only", obviously that depends on how you read into that though :) <edit> For more info on how the licensing works check out http://msdn.microsoft.com/subscriptions/cc150618.aspx[^]. If you want Office it's only available on the Premium subscription. </edit>
Gavin Taylor