It is all set and you can download the updated version from your Stardock account.
If you don't own Galactic Civilizations II: Ultimate Edition, but you own an earlier version through Stardock feel free to contact support and we will upgrade you to the Ultimate Edition for free so you can get the new patch.
Merry Christmas everyone! Remember Drengin gingerbread men are made from real men.
Awesome! And thanks for the instructions for those of us with the older, non ultimate, versions of the game!
edit: Update. Followed the instructions, one day later (less than 24 hours) I received an email saying the code was now in my Stardock account. Logged in and there it was. Thanks Stardock, very painless!