Traktor Pro 2 License Clarification

I have the DDJ T1 and have upgraded to TP2 Pioneer Edition. I know this edition still has limitations regarding effects, settings, etc. I was under the impression that for me to get the full version of Traktor Pro 2, I would need to buy the update which is 69.00 EU.

Native Instruments are telling me I need the upgrade which is 129.00 EU!

Anyone know which is correct? Seems very steep if it's the latter.