Upgrading Final Cut Pro HD to Final Cut Studio

Hi guys,
I literally just got the upgrade to Final Cut Studio. I was wandering the best way to go about upgrading my software.
1. Should I just stick in the disc and run the upgrade.
or
2. Should I uninstall my old software and then run the upgrade.
also this is the $699 version for upgrading from Final Cut HD. So do I have to have Final Cut Pro HD installed to run theis upgrade.
Thanks,
James
Dual 2Ghz G5 Mac OS X (10.3.9) 2 Gig Ram, Final Cut Pro 4.5

Ashame you didn't wait 'til February first to take advantage of the reduced price upgrade of $199.00
http://www.apple.com/finalcutstudio/topquestions.html
http://discussions.apple.com/thread.jspa?messageID=1596815&#1596815

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