Opening 3.0 project in 3.5

I have a complex 2 hour video with thousands of transitions, etc. that I've been working on for 7 months in FCE 3. If I upgrade to 3.5, will the project have to be re-rendered after I open it?
Thanks, Fay.

Upon reading that you have a project with
thousands of transitions, and have been
working on it for seven months, all I could think of
was "save to videotape." Data back-ups just aren't
sufficient for such a time-consuming project. I'd
suggest working in sections within FCE, finalizing
that section, and then saving that video back to
videotape. Work on the next section, etc. When you're
done, you can then re-import the sections, put them
together and export to whatever format you need. And
as for upgrading anything during your project,
forget it! Even if someone here says it will work
perfectly, why would you take a chance with a project
of this magnitude? Don't take a chance.
Thanks for your suggestion. I do backup the project files and render files everyday on two external hard drives, plus I also output a full quality quicktime movie of it, then burn a dvd which is of course compressed. I suppose I should start out putting it to tape everyday also. Thanks again.

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