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I ended up speaking with Customer Support and for volume licensing, you can install the CS3 software on as many computer systems on a network as you'd like.
You are only limited to operating the CS3 software up to the maximum number of licenses your organization purchased.
So if you have 10 volume licenses you can install the CS3 software on 100 Mac and/or PC systems if you'd like, but can only use the CS3 software on 10 of those systems simultaneously.
The confusing part is they still only give you one or two license key numbers...
If you have a normal consumer license you can only install the software on two separate computer systems, period. And you cannot use the CS3 software on moth systems at the same time.
Thanks for getting back to us with the info. Handy to have on file.