I knew a guy once who devoted something like 20 years of his life to Prem Rawat. He sold all of his property to give to the man's organization, followed them around, stood on streets corners handing out pamphlets, etc.. Over time, though, he became disillusioned with it and if I remember correctly, when Prem Rawat stopped presenting himself as an Indian guru and started treating himself as a secular figure and motivational speaker, this particularly contributed to the man's perception of Prem Rawat's deceit and hypocrisy.
So, with no property, he left the organization (on bad terms, obviously) and managed to put his life back together. Now he's something like a Theravada Buddhist, enjoying reading the early texts of Buddhism, and living the contemplative's life of yoga, vegetarianism, and meditation. He doesn't hold any personal feelings of hatred or resentment towards Prem Rawat, but in hindsight, he does recognize it as a major mistake throughout his life.
If you are waiting for "version 2.0", as you put it, you may end up waiting a very, very long time -- perhaps even long than your own lifetime. And when version 2.0 comes along, you may not have the capacity to recognize it.