Sharing FCS files betw. Intel Mac and a G5 PowerPC

Does anyone have any experience sharing files between Intel portable MacBook/MacBook Pros and G5 PowerPCs?
Is it possible, and if so, can anyone share their experiences?
I'm asking because a friend wants to barter his PowerPC G5 and 23" monitor to me in exchange for some manhours editing his project, and I was thinking of taking it on as an extra editing FCS station, even though when I bought FCS (in June 2006) I began runnning it on an Intel portable.
Will my FCS discs install on it? And if so, will I be able to share project files between a PowerPC G5 and my portable?
Any anecdotes or dire warnings are greatly appreciated.

thanks very much for the clarification!
"not at the same time"? Not sure I follow. Do you mean a single FCS academic license can run on only two machines simultaneously? Or do I need a new license for each workstation?
What I'd like to do is continue running my copy of FCS1 Academic on my portable, and then install it on an additional machine (either the G5 or a MacBook Pro I'm planning to get next month), and edit between the two.
Again, thanks very much for the input.

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