They share the same registration and license, so registering one registers them both. They can be installed side by side without their content overlapping. If you already registered your VSE2, then a newly installed VSE AE will already be registered on the same system. You can't use your VSE2 on one system and VSE AE on a second for example, that would be two licenses.

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VSE2 projects can be loaded by VSE AE, but loading VSE AE projects in VSE2 can't be guaranteed. The sets produced by VSE 2 will work on Advanced Edition TriCasters as well as standard TriCasters. The sets produced by VSE AE only work on Advanced Edition TriCasters because they take advantage of the improvements in TriCaster AE.

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