Definitely! If you purchased Sapphire for Avid any time in the last few months you are eligible for a free upgrade to v2. We'll be contacting all recent purchasers in the next few days. (If you bought for AE or Discreet, this upgrade doesn't apply to you.)
For those on this forum who don't know yet, we just released Sapphire v2 for Avid today. Tons of new effects, workflow enhancements including single-click application to titles and keys, AVX2 support including advanced keyframes and lots of other goodies. The press release is at http://www.genarts.com/pr-avid-v2.html.