That's not what OP quoted though -- the new licensing model says you get all updates for 3 years (regardless of version number).

So with the new license model, let's say v4.7 gets released at 3 years and 1 day, you won't get the v4.7 update. Whereas if the license was tied to major version, you would get 4.7 and onward, until the dev decides to call it 5.x