Can I run AE CS4 and CS3 on same system? +Ram Q's

I haven't been able to teach my motion graphics course in a year so I am behind on AE doings and the state budget cuts cancelled the purchase of my new laptop SO I only have CS3.  I am scrambling to make this course work!!
Q:  Can I run AE CS3 and CS4 on the same system?  (we have CS4 on some lab machines but some students have only CS3 at home)
Q:  Blimpo AE CS4 says it needs "2Gb RAM" vs CS3's "1Gb RAM for DV" (our application) - will CS4 even install and start w/o 2Gb?  If so, can one at least do simple, straightforward work with 1Gb or is it hopeless?
Thanks for any help you can provide.
Jane at SFSU

If so, can one at least do simple, straightforward work with 1Gb or is it hopeless?
"Simple, straightforward work" is very much a matter of definition. As long as we talking basic title, menu and background design at SD resolutions (PAL/ NTSC) or below (web) without resorting to oversized source files, it might work to a degree. I doubt, however, you will ever be abel to do anything remotely HD. Memory errors and warnings will be a constant companion....
Mylenium

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