Can I run FCP7 and FCP X on the same system?

I can't open my FCP 7 projects in FCP X so I will need both programs to run simultaneously so I can access previous work while building new cuts. This seems utterly ridiculous but it appears to be true. Please correct me if I'm wrong since I have more than 400 FCP 7 projects, the majority of which are still ongoing... what do I do to handle this, start from scratch on 400 projects that date back several years... brutal.

Personally, I'd never switch a project in which I've invested time and effort to a new application, other than a test project to begin the investigation into how the new app could work in the future. I don't think "pros" even update an existing app like FCP while in a project unless the update is specifically for an issue they are having with their project. FCP7 is great and will continue to be great, ongoing projects should stay there.
It will be interesting to see as FCP X matures if Apple or a third party develops a way to import FCP7 projects, or at least aspects of it, but as FCP X is such a different approach I wouldn't count on it.
Apparently that means that someday we'll need to "freeze" an FCP7 installed system in time (not today, but in the next year os so) to be able to just work on and have access to FCP7 projects. New and discontinued apps are a fact of life in computer world, as inconvenient as it may be. Operating Systems, and hardware that will run them, go away too. In 20+ years I've had to abandon OS platforms, apps, and documents, or make a switch where I had to start over, but never anything as complex or meaningful as my FCP7 projects.
So, basically, I agree with Tom, I just use a few more words. ::grin::

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