Cannot install FCS 1 on new iMac

I just purchased a new quad core 27" iMac, but when I go to install FCS 1 (which is what i have for this serial number) it says that i "do not have the right hardware" to run it.
Im guessing because this is a new computer and FCS is old.
1. So question one, is there a way to still get this to install?
2. If not, I have a version of FCS 2 only on a separate serial number and it is installed on my MBP. If I install the same serial number copy on two computers on the same network will it allow both to run?
Thanks

Final Cut Studio 1 was released at NAB2005 and was NOT a universal binary app.
It is only compatible with PPC, not an Intel Macs, such as your new iMac.
The first UB FCS was released about year later is a $49.95 cross grade
Luckily, you can upgrade to FCS3 for about $250.00 if you shop.

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