Question of usage of old software when you upgrade

Good day to all.
Just new here so please be gentle. Do any of you still retain the older version of adobe when you upgrade to the latest software? Like for example CS4 and having CS5.5 on your PC? Since you have license, are we allowed to use both or directly use the newer version and discard the old one? Just want to know what to do on these kind of situation.
Thanks!

This question is better asked in the Creative Suites forums. But yes, it is absolutely normal to retain the previous versions. In fact, almost essential for some products. For instance, as an InDesign user, I have CS3, CS4, CS5, and CS5.5 all installed on our machines, because the newer versions cannot write to older version files.
The installer will not delete older versions. It's entirely your call. And I would suggest you not do so.
The EULA has some language suggesting that this usage is limited to a transition period, whose time period is undefined. In practice, no one is concerned about such things -- we're just worried about dealing with older documents when they arrive.

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