So I saw that now you have to buy this conversion kit when X-wing 2.0 launches in order to use the ships you alreayd have. So I have trying to buy 1 of every expansion released for this game for each faction, and am only like 6 away from having everything. Are FFG saying I now need to buy a conversion kit for every expansion I have already purchased!!?? I hope this is not the case

one for each faction. not each expansion. one conversion kit will cover aprox 37-40 expansions. in fact, if you have one of each expansion, you'll have plenty of extra conversion items to sell to offset the cost.

The conversion kits are $50 each and there is one for each faction.

Each one comes with all the pilot cards and upgrades that are making the transition to 2nd and enough dials for 2-4 of each ship (the lists of exact numbers are around, I just don't have them handy)

First Order and Resistance ships from the Sequel Trilogy are being spun off into totally separate factions and are NOT included in these 3 conversion kits. Instead, there will be separate kits for those (presumably much cheaper since there are only around 4 ships each) in wave 2 (I'm guessing a month after release)

You are also 100% able to continue playing 1.0, it just won't be officially supported anymore.

ok, so I will need to buy at least 3 conversion kits when 2.0 launches (rebel, empire, and scum) then 2 more when resistance and first order kits are released? So 5 kits in total correct?

Right.

It's also likely Resistance/First Order will be cheaper as well, due to having far fewer ships to convert.