I just got this from Vladimir Lichman – the author of the IT Hit Web Author Enhancement.

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Thank you for your comments. We are developing a new version of WAE with many new features. Most bugs will be fixed in WAE 2.0 Beta 1 and it will support Telerik v2.0. Please read about it at http://mcms.ithit.com/next_gen_wae. It is most likely that it will be a commercial product. If you have any ideas about features you want to have in WAE or how to improve it please write to info@ithit.com. Your comments are very important for us.

Source: http://msmvps.com/anguslogan/archive/2004/12/23/27292.aspx#27847

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This is very exciting – I would like to see what the pricing will be like for the Commercial product and I wonder if they are working with the Telerik team on the next version (or commercial version) of the radEditor for MCMS.