Billy Buck
I've just upgraded from Editor 2 to the latest Studio 4...
I've just done the same thing, and it went very smpoothly and works fine. Licensing (I'm using ilok) is exactly the same.
I just went to Studio because the difference between upgrading to Editor 4 or Studio 4 (especially from audiodeluxe) was pretty small. I'm pretty sure Studio is going to be overkill for me though. I've actually emailed Celemony to ask if there is a possible path to "downgrade" back to Editor in a later version ;-)