Is it necessary to keep Lightroom 3 on my computer when I have just installed Lightroom 4 ?

Is it necessary to keep Lightroom 3 on my computer when I have just installed Lightroom 4, or do they use some of the same files ??

Yes, I consider this advisable, too - for the moment.
There may be still bugs in for which the ability to revert to LR3 can be very helpful. E.g. if tone curves are lost: the best intermediate solution could be to open LR3 and save the settings to xmp, then close LR3, open LR4 and read metadata from file.
I might uninstall LR3 probably when LR4.2 might be out...

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