Creature of Comfort - Making The Move To X

Hi All, I am one of those that is still using FCP 7. I will need to open projects created in FCP 7 so keeping it accessible is vital. On December 11 I was ready to install X side-by-side of FCP 7 when I read a review posted 3 days earlier that FCP 7 was wiped out with the current version. I have been looking for an answer as to if once I install 10.1.3 that FCP 7 will or won't function. Can anyone answer this question?
My current OS is 10.10.2.
Thanks -KLL

All that happens is it just moves it to a different folder. FCP 7 continues to work just fine and I run the both side-by-side without issues.

My software:
Pro Maintenance Tools - Tools to keep Final Cut Studio, Final Cut Pro X, Avid Media Composer and Adobe Premiere Pro running smoothly and fix problems when they arise
Pro Media Tools - Edit QuickTime chapters and metadata, detect gamma shifts, edit markers, watch renders and more
More tools...

Thank You Jon!