K7 to K8 - basics

OK - K8 looks nice. However, I have extensive libraries within K7 - both via Native Access and also in Quickload. What happens to these libraries if I upgrade to K8? Do they migrate automatically - even though I have the sound content on a separate drive? Also - what happens to all of my quickloaded libraries - will they migrate too?
Sorry for the simple questions - but important decision making criteria as to whether to go through any pain of upgrade when K7 works well.
Tony
Answers
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-K7 will work independently from K8. Not an automatic replacement for existing projects.
-K7 libraries will work in K8. Both versions will reference current installed location, as tracked by Native Access.
-Quickload will have to be manually migrated/copied to work in K8. See
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