I'd be very interested in the answer to this too. The Poser Pro 2014 Upgrade is really tempting, but I have several concerns, of which PAnn's point is one I hadn't even thought of!)

With SM's 'download only valid for 30 days', having your own backup of a 'digital download only' product is absolutely essential!

 

Edit: Just noticed on the SM Poser Upgrades page it says...

"...You will be able to select from the full set of Poser installers for the version you've purchased, monitor download progress, pause and resume your download, designate where you'd like the installers saved on your computer..."

...so I guess PAnn's installers should be in the default location,wherever that is? Confirmation required from somebody who knows for sure though!

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The 3Dcheapskate* occasionally posts sensible stuff. Usually by accident.
And it usually uses Poser 11, with units set to inches. Except when it's using Poser 6 or PP2014, or when its units are set to PNU.

*also available in ShareCG, DAZ, and HiveWire3D flavours (the DeviantArt and CGBytes flavour have been discontinued).