Is the Promo Pricing of $10 Per Month for One App Considered an UPGRADE?

I currently have Flash Pro CS5.5.
If I sign up for Flash CC at the promo price of $9.99 per month, does that mean my CS5.5 license can no longer be used?
Because if I cannot use Flash CS5.5 anymore and I paid $450 for it, getting a $10 savings for 12 months isn't worth it.
A $120 discount for a $450+ program doesn't really seem like promo pricing?
Am I missing something?
Now if Adobe is being kind enough to allow CS users to purchase a single app for a discounted price of $10 per year as a courtesy for being a valued customer, that I could understand.
I certainly hope someone can verify this by the end of the day as the $10 per month promo ends in a day or so.
Thanks,
Sean

Hi Madclevr,
Please consider this :
Adobe Flash Professional CS5.5 (11.5)
2011
Flash Professional CS5.5 was released in 2011. It includes improved support for publishing iPhoneapplications, following Apple's revision of their iOS developer terms. Flash CS5.5 also contains several features to improve mobile app workflows across devices. Some examples are: Content scaling and stage resizing, copy and paste layers, sharing symbols across FLA files, symbol rasterization, incremental compilation, auto-save and file recovery, and integration with CS Live online services.
Adobe Flash Professional CS6 (12)
2012
Adobe Flash Professional CS6 was released in 2012. It includes support for publishing files as HTML5and generating sprite sheets.[6]
Adobe Flash Professional CC (13)
2013
Flash Professional CC was released in June 2013 as part of Adobe's Creative Cloud rebrand. Changes include a native 64-bit scene rendering engine, minor performance improvements and bug fixes, and the removal of legacy features such as ActionScript 2 support. As part of the Creative Cloud suite, Flash CC also offers users the ability to synchronize settings or save files online.
Coutsey: http://en.wikipedia.org/wiki/Adobe_Flash_Professional 
It is an upgrade. Flash pro CS5.5 can be still used.
Reagrds,
Rajshree

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