I will upgrade to 1.0.3 ASAP. I have been waiting for the next release, thinking that I could hold off and skip this one, but I guess I'm paying the price for my laziness.
No extensive grace period. They have not paid for add'l time. I went to Subscriptions and could not find an area where I could change their renewing/expiration dates. Also, not sure how to change them in the database, but I have not yet tried so I may be able to figure it out on my own.
Changing those dates would be a great short-term success for me, since my automated billing for January did not happen on a lot of my subscriptions due to this odd date issue and I could use to bill them now.