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Have you not read the thread "Dear Adobe - this is an outrage"?
Do so at your own risk, and make sure that you keep the CS3 master file if things don't work out.
I successfully opened a CS3 project in CS4 but, but unsuccessfully continued to work within it. I was not prepared to risk the project, and returned CS4 to Adobe, getting a refund.
Ask yourself whether the features offered on CS4 are really worth the gamble (assuming that they work as advertised).
There is an old saw about "changing horses in mid stream."
Unless there is no possible way that you can do something in CS3 that absolutely must be done, and you will lose a leg if it isn't, then I would highly advise that you stick with what's working, finish your project and only then (assuming that CS4 has finally been fixed) make the changeover.
Unless of course you are a masochistic glutton for punishment.
And, I might mention that if you ignore this advice, please don't expect a lot of help from this forum. People here are already shelving CS4 and going back to CS3!
As someone who is having a great experience with CS4, I can tell you that yes, you can open CS3 projects in CS4. Just make sure you have all the same filters and plugins installed. But you would be wise to save a backup of the CS3 project file...jsut in case.
One thing I did notice when I've opened CS3 projects in CS4 is that sometimes the transitions act not as they should and I had to re-apply them. But that's only happened a few times and was an easy fix.
If your doing a documentary, the speech to text function may help you a lot.
Gents and maybe ladies (not sure jontyms?), thank you for the input.
Realistically, I have to say that moving up, and taking the risk it doesn't work correctly would be too much of a gamble, after already spending a year on the project.
Although there are a couple of features that would certainly be nice to utilise, I can't see myself actually justifying the risk of working another 2-months on the edit, only to find myself re-loading the project I have now.
I may in the future consider the option, but I thank you for the input as it has made my mind up to stay with CS3, which I feel very easy with now.
Once more, thank, MP
Say what, now?
Oh, and very much male, Neil.
Good decision, by the way.
I have had video that worked fine in cs3 not work at all in cs4. I am still trying to work around the issues as the video is crucial to my work.
I wouldnt upgrade.