The license reduction will likely be in 1.1.6 or 1.1.7. The wording reads as pre-1.2 to me, but I could be wrong. Since we still have a month or so before 1.2, there's plenty of time for interim changes. I just hope they rebate the difference to us.
I think you're likely right, and I have no problem with the idea... I just wish they'd updated the article to say so. The article pretty definitely says "These changes are coming in patch 1.1.5."