The argument that "I could have waited to buy a license to version 2.XX" is only valid if you downloaded version 1.x less than 30 days before version 2.0 came out. (assuming that someone used the software consistently etc)
I know money's tight these days.. but we are talking about <40 dollars worst case.. for the collosal bargain reaper is anyway its hard to lose too much sleep on it.
Look on the bright side, at least you haven't had to burn the motorcycle to stay warm yet. :) Yeah, cost is a relative thing, though Reaper is probably one of the most cost-effective audio purchases one can make.
The money is thight, but I feel like its easier to depart from money i favour to reaper, in comparision to most other programs. As somebody said. The non-comersial licens cost you like a night out. /Per