Hi @jeffreyrbk. You definitely do have access to theme (and plugin) updates, though the process is currently a little different to that used by CodeCanyon and ThemeForest. The Elements item page will always contain the most current version of the relevant files, so you can update items manually by downloading new versions as they become available.
@DeutschXP Once our developers are back in the office after the Christmas break, they’ll be working on a change log for the item pages (to record and display version changes). You’ll also see other changes rolled out throughout the year, as Elements is continually evolving.