If I upgrade to FCP Studio, will I still have 4.5 available?

I'm at a point where I think upgrading to FCP 5 will benefit me time-wise as I do a lot of multicamera work. I also want to dive into Motion.
I'm wondering if I perform the upgrade, will FCP 4.5 still live as an application on my Mac? I vaguely remember when I upgraded from FCP 3 to FCP 4, FCP 3 was still there and I could access and use it.
The only reason I would want to go back is that I sub to post-house that has not made the move to 5 yet. I'd like to be able to work in 4.5 when ever I do their projects.
I might not be thinking everything through- such as the QT version being different, or the interaction with 10.4?

If you do the standard upgrade, v5 will overwrite v4.5
If your current system disk is running 10.3.x, a recommended proceedure is to create a new partition, install 10.4 + FCP5 (both of which are QT7 dependent) on that partition and leave FCP4.5 and 10.3.x on the original system partition. This gives you the best of both worlds.
cheers,
x

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