FCP 5.0.4-5.1 upgrade necessary for PPC?

When Apple released the upgrade from 5.0-5.1, they marketed it as a "crossgrade" to a Universal app. I ignored this announcement because I'm on a PowerBook G4.
However, with the latest announcement of the update to 5.1.3, I think I'm realizing that Apple's announcement wasn't a "crossgrade" but rather an upgrade to 5.1--and even PPC users need to pay the $49 to upgrade to 5.1.
So, my question is (aside from "Is my understanding of this correct?"), "Is it worth paying the $49 to upgrade to 5.1 on PPC?" What are the differences? I guess if I don't pay the $49, I'm locked out of all future FCP 5.x updates.
Secondly, is there a discount on the $49 upgrade for educational users? I couldn't find the upgrade in the Apple Store for Education, so I'm assuming no...

But yes, all future FCStudio products will be
Universal... so get it now.
Isn't the crossgrade offer over? The sheet I had said through 12/31/2006 or some date in 2006. Me thinks.
Robert A. Ober
It's Got Dem Holes&TWO 2GHZ   Mac OS X (10.4.8)   2GB RAM, Kona LH, Granite Digital Raid 0, & Studio

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