Oh, yea I did read that, I think it just "reads that way".  It's clarified on the Beta program page:  "Your beta license will also be valid for the final v1.0 Edition release, and subsequent dot releases such as v1.1, v1.2, etc, and will allow a reduced upgrade cost to future v2.0 releases. "

http://render.otoy.com/shop/standalone.php#BETAinf

After reading that-re-read the FAQ..."...and having a full Octane Render Version 1.0 license at a much reduced rate."

If they said "and having a full Octane Render Version 1.0 license at a much reduced rate**, later.**" then it would be a problem.