Updating to new version

Hello I search the forum but nothing did apear.
I have the photoshop CS3 extended
I want to update to CS5.
My question is if after the update my CS3 version will still work?
Thanks!

I believe you are well within your rights granted by the EULA to leave the old CS3 version on your old system and install CS5 on the new one, as it specifically allows you to install Photoshop on up to 2 computers (note:  you are not supposed to use them simultaneously).
-Noel

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