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Well, I run 4.0 and 4.5 simultaniously on my pc.. (4.5 to test a 'certain plugin' we all know and love)

Now I did install DazStudio in C:DAZ4pro and in C:DAZ4.5pro

Before I installed 4.5 I made a copy of the C:DAZ4pro folder and let 4.5 uninstall the 'previous version'. After that I deleted the original C:DAZ4pro folder and renamed the copy back to the original name. Works like a dream. :)

I'll have to give this a shot when reality 2.5 comes out.  Unless I can create in 4.5 and render in 4.0.