Upgrading to CS4 from CS, is it possible?

Hey all,
I did a bit of research before posing this question, but I cannot get a real satisfactory answer. I can only find upgrading CS2 to CS4 questions.
So I am still in the dark ages with the original adobe CS Design Standard Package and looking to upgrade to CS4 Design Standard. I found an upgrade package online and that the current owner has deactivated the licence and will have a transferable lincense that will be included in the sale.
So my questions are;
The lastest version I can upgrade is to CS4 not CS5 or 5.5, from CS, correct? (Standard Design Package)
Has anyone gone through this type of transaction, where they had a transferable license? Are there any issues with this?
Any other comments that would help with my questions above, that I haven't thought of, would be greatly appreciated.
Thanks in advance!!

Upgrades are not transferrable without every earlier version going along.
In short, your chances of successfully buying an upgrade and getting it activated are pretty much zero and even if you do, you'll still be very out of date.
My advice: if you need to upgrade, bite the bullet and pay full price for CS5.5.
Bob

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