Can I upgrade FCP from 7 yrs.ago with my new comp purchase?

I bought the full out FCP in 2001. I am about to buy new mac but cannot drop $1000. Do upgrades work that far apart? I have the same situation for Photoshop too. I don't really want to buy the cheaper abbreviated versions. Thanks!

No worries. If you just check out the product webpage you'll see this note
The Final Cut Studio upgrade provides an upgrade path from Final Cut Studio 2, Final Cut Studio 1, Production Suite, or any prior version of Final Cut Pro. Academic and Not-For-Resale (NFR) versions are not eligible for upgrade.
The important bit for you is where it says +"The Final Cut Studio upgrade provides an upgrade path from ... any prior version of Final Cut Pro"+ so even though your standalone version of FCP2 (?) is getting long in the tooth, you can upgrade it to the full Final Cut Studio suite (FCP 7, Motion 4, SountrackPro 3, Color 1.5, Compressor 3.5 and DVD StudioPro 4) all for just USD 299. Pretty bloody awesome really

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