blonderella I could be wrong. You do get the full software and a new serial number but the price I paid was for an upgrade from P5 to P6. Many software company just give you a new box of software (Carrara also does this.) but the serial number is registered as an Upgrade and you can't sell the earlier version (legally), even thought they are complete boxed software. That's why I said to wait for CL's responce. mike