With that said you may find many 3rd party apps / utils lagging. A couple libs I use still don't support new style middleware, for instance.
With 2.0 dropping support for py2.7 this might cause more pain points for poorly maintained libs but all in all keeping up with Django releases is pretty straightforward and almost always worth it.
Source: happily using Django since 2008.
We always end up with a bunch of third party libraries, though, and those end up being upgrade blockers.
A notable example recently was django-tastypie, which didn't cut a Django 1.10-compatible release for 11 months after it came out -- four months after Django 1.9 lost security support. So part of our Django 1.10 upgrade was moving to another REST framework.
(If you don't want that kind of churn, sticking to LTS would make sense - I think 1.8 still has support.)