Upgrade from XP OEM to Windows 7

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  Is it possible to purchase a Windows 7 Upgrade version and install over a Windows XP OEM install?  I know I will need to format and re-install, just wondering if an OEM license is a valid upgrade path.
  
  Also if I have XP Professional currently, must I upgrade to Windows 7 Professional or is Windows 7 Home Premium allowed?
  
  Thanks in advance,
  Ryan

  Saturday, June 27, 2009 1:55 AM