I've got 6 Pro.  What is entailed in the upgrade process to 7?  Dongle?

I was thinking about jumping up to 7 Pro (I have 6 Pro now). I wanted to first know what was involved. Do I have to send in my existing USB dongle to get the new one or anything like that? Or do I just switch it out for one that will come in the retail box? What kind of procedure and I looking at?
Also, assuming that it is infact just exchanging the dongle I have now for the new one, will the new dongle allow me to run the previous versions of logic that I currently employ (Logic Platinum 5.40 and Logic Pro 6.4.3 specifically)? I need to be able to run Logic 5.4 in conjunction with the latest version so I was wondering how authorization would work for that with a potentially new dongle.
Thanks for the info in advance! In case I upgrade, I want to keep the downtime to a minimum!
p.s. could this upgrade just be moot? could we expect a pretty big update pretty soon? one that might raise the numerical version of the app?

You won't lose anything.
My key is a blue Emagic one. i got it with Logic 5 PC, and I bought the ES1 and EXS24 so had those authorised on it as well.. When Emagic axed PC support, I got a free Mac authorisation. Then I upgraded to Logic 6 Pro, which also enabled all the instruments for the PC version.
I then upgraded to Logic Pro 7.
So my little blue Emagic XS key is bulging at the seams, but seems to be quite happy running Logic 5 PC, Logic 6, Logic Pro 6, and Logic Pro 7.
On the other hand, if I did ever exchange my blue key with an Apple one, I would definitely lose the PC authorisations, and lose the ability to run my PC version. I'd probably lose the 6 authorisations too...

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