IMovie v6.0.3 and iMovie 08 install at the same time?

Can I have 2 version of iMovie installed at the same time? I want to view and maybe use the new version (in iLive08), but everything I have heard about it is not good. I'd like the option to keep the version 6.0.3.
Thanks

I don't have iLife 08 but AFAIK unlike earlier versions it doesn't overwrite iMovie 1-6.
And besides, if you copied & renamed earlier versions before installing iMovie 1-6, the old version co-existed very nicely with the new version. For example: you want to keep iMovie 4 before installing iMovie 5-6: duplicate iMovie, rename the duplicate as iMovie 4.0.1, install iMovie 5-6 -> voila: you have iMovie 4.0.1 and iMovie HD (5-6).
Some people have almost all iMovie versions in their Applications folder for testing purposes

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