I am considering upgrading to Ableton Live 8 from Ableton Live Lite 8. If I upgrade to the full version Live 8, will I be able to open the sets and the recorded music from the Lite version?

Has anyone had a problem installing the Ableton Live Lite 8 upgrade. The hard drive in my computer recently crashed and I had to rebuild the drive. I re-installed Windows XP onto the new hard drive...