You are allowed 2 concurrent activations within any one platform with CS5.
So if you are "transferring" to a new laptop and it is the same platform as your previous installation (IE eithe PC or Mac) then you are fine. Remember to deactivate the old version of CS5 if you aren't going to use it an the old Laptop so you free up one of your activations for future use. You can deactivate from the help menu.
If you are changing platforms (IE from PC to Mac or Mac to PC) then you will need to contact Adobe about a platform transfer (I believe there is a small cost for this).
Good luck with your new laptop and Happy New year to you.
1 person found this helpful
If you're transferring from Windows to Mac or vice versa then you follow this platform swap process
Incidentally, I read in the FAQs that I could download Bridge with the PS cloud version, but does that mean it is included in the subscription?
Yes, Photoshop CC includes Bridge CC.
Thank you both. This answers both my questions! Helpful to each of you.