Wizard1956 gave you a responsible answer. In the thread he took the trouble to look up for you Island Dog stated that exact release dates aren't given. https://forums.wincustomize.com/413813/page/1/#3031007
Since you won't get an exact date on release, there's no point being being miffed about it.... It will appear when Stardock is satisfied with its perfomance on a variety of systems.
As for the free update uestion, as with other software developers, when updates involving going from 4.x to 4.y occur, they are free. When version 4.x goes to version 5 (usually because of the number or degree of updating of the software), it isn't free.
That isn't a definitive answer, but I don't work for Stardock, so... if you need more, write to Support or Sales, and they might have more by way of info for you.