Is it possible/legal to sell CS3 Design Premium after having uninstalled it and upgraded to CS4?

Hi,
I have a copy of CS3 Design Premium which belongs to my company. The software was installed and used for a few years, then uninstalled and the code was used to purchase an upgrade to CS4. Is it legal to sell this software? Would a buyer be able to install the software using the serial code?
Thanks,
Dave.

No, it's not possible without using hacks. And Adobe can't support or endorse hacks
Bear in mind that not only there are new features in a new version which can't possibly be recreated by an older version - also, there are enhancements to existing features, which would make them render differently in the two versions.
That said, there are people posting such hacks, as Sébastien pointed out.

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    HTTP ERROR: 404 /support/downloads/dlm/main.jsp
    RequestURI=/support/downloads/dlm/main.jsp

    clear your adobe.com cookies or use a different browser.
    or if you follow all 7 steps you can directly download a trial here:  Download Adobe CS4 and CS3 Free Trials Here (incl. After Effects) | ProDesignTools
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    St George's House
    5 St George's Road
    Wimbledon, London SW19 4DR
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