No I believe I read that Samsung stated that this device would receive updates even up to android 5.0 if I'm not mistaken.
They said same when I bought Note 10.1 (2012). But what happened:
I like the idea about Note... you have all in one package: a phone, a tablet and a pen.
I have now Note 10.1 (2012) and it does all i want (see above) and my Sony Smsrtwatch 2 notifies me when i get messages, phone calls etc. and my Note is in my bag. BUT... i still have Android 4.1.2 since january 2013. No 4.2.... no 4.3... and still waiting and hoping to get 4.4 soon.
I was planning to get NotePro 12.2 phone model and replace my old Note. But I gave up with Samsung and the idea about all-in-one. I hate to say, but my next devices will probably be surface pro 3 and nexus (or similar, what ever they are called in the future)...
Sent from my phone - Note 10.1 (N8000)