This is possible in 2008. It's got some fancy name that I can't remember.. I'm not using 08' yet as I've got a huge project closing [this week] which I want done before I move to the version... it looked pretty darn niffty in the 'roll out' however!
[edit-- sorry I missed the question about 2008/2007... the answer is no.. you need the new version to open the new file.. and they are not bringing out the functionality to be able to save as older versions.. so they say..]


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