Final cut Studio and Final Cut Pro X on same computer?

I recently downloaded and installed FCP X but then had 2nd thoughts when it asked to set events.
Has anyone used both FCP 7 (& other FC Studio apps) on the same computer as FXP X without problems?
Thanks in advance.

I see that Apple recommends installing FCP X on a separate partition. I didn't, and am now wondering if I should uninstall/partition/reinstall.
How did you handle?
Thanks

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