Yes, my understanding is also there will be a 1.5 Ultra.
It's however nowhere explicitly said that I could find. The Technical Report PDF also avoids even hinting at it.
Advanced is a price/service tier for the end-user frontend. At the moment it gets you 1.0 Ultra access vs. 1.0 Pro for the free version. Similar to how ChatGPT Plus gives you 4 instead of 3.5.
I agree this part is messy. Does everyone who had Pro already get 1.5 Pro? If 1.5 Pro is better than 1.0 Ultra, why pay for Advanced? Is 1.5 Pro behind the Advanced paywall? etc.