I'm horribly confused about student licensing and commercial use

As the title says I'm horribly confused about student licensing and using it for commercial use.
I currently have a Student Licensing version of Adobe Creative Suite 4 that I purchased through my school's journeyEd portal.
Seeing how CS5 is now out I was browsing looking at prices (why not upgrade while I'm still a student, right?) and while browsing I bumped into one source that says that Student Licensing can not be used for commercial purposes, and this is when the confusion started. I remember reading before that we are able to use student licensing for commercial purposes, okay time to google search. I found one Adobe FAQ that says I can. .
http://www.adobe.com/education/students/studentteacheredition/faq.html
" Can I use my Adobe Student and Teacher Edition software for commercial use?
Yes. You may purchase a Student and Teacher Edition for personal as well as commercial use. "
and I found this old thread;
http://forums.adobe.com/thread/314304
Where an poster listed as an employee of Adobe states
"There is no upgrade from the CS3 Educational Edition to the comparable CS3 editions sold in non-academic environments. If you have an educational version of for CS3 obtained legitimately (i.e., you qualified for the educational version when you obtained it), you may continue to use that software for the indefinite future, even for commercial use! You cannot sell or otherwise transfer that license, though! When the next version of the Creative Suite is released, you will have two choices: (1) If you still qualify for the educational version, you can buy a copy of that next version (there is no special upgrade pricing from one educational version to another; the price is already very low) or (2) you can upgrade from the educational version of CS3 to the full version of the next version of the Creative Suite as an upgrade from CS3 at the prices published at that time. "
Okay cool, hmm what this? Adobe is asking me if I want to IM with live costumer service agent, sure why not? Then the conversation started and I asked her my question about using my CS4 license for commercial use, she asks for my product code and email to verify my product, then informs me I can purchase the upgrade version of CS5 and use that for commercial, okay great, but not really answering my question. I reword it and give her a link to that FAQ page it goes like this. ..
"[CS Rep] : [My name], I would like to inform you that Adobe Student and Teacher Editions are not allowed for
commercial use.
[CS Rep] : However, you can upgrade your current software to a normal upgrade version, and you can continue
using it for commercial purpose.
[Me] : Then is the FAQ page mistaken? Because it is very misleading if it is. But thank you for the information.
[CS Rep] : You are welcome.
[CS Rep] : I apologize for the misleading information in the FAQ."
. .And after that, I went back to being confused.
SO my questions are. . . Can I or can't I use my Adobe Creative Suite 4 student licensing for commercial purposes? and If I purchase a Student Licensing of CS5 can I use that for commercial purposes as well?
Sorry for the long post, I just want to be perfectly clear on what I can and can not do with my purchase.

The rules differ in various parts of the world. In North America you can use it for commercial work.
There are no student/academic upgrades. The pricing is so low that in many cases you're better off buying another full student license but you are eligible for upgrade pricing for commercial versions once you're out of school.
You may not transfer the student license in any way.
Bob

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