LDW has not said anything about an 1.02, so your guess is as good as mine. If they do put out another update, you would need to download it from the same site you purchased VV from.
As far as VV2, it will not be anytime soon. They are working on PT for windows at the moment, so if I were a betting man (which I'm not.
I would say it would not be ready for release until next spring at the earliest. But that is just a guess on my part, as I have nothing to do with LDW.