Can you install the Xcode 5 Developer Preview in parallel with Xcode 4.6.2?

Question

Apple announced the Xcode 5 Developer Preview today and I want to try it.

But before I download this, I want to know that what happen with my current version of Xcod

Answer 1

Short answer: Dont replace XCode 4! If you plan to deploy some app to appstore, you can't do it using Xcode 5 at this moment.

The best way is download the Xcode 5 version, unpack it and run the app on different folder (not application folder). You will stay with Xcode 4, and can run Xcode 5 separated (You don't need to 'install' xcode 5).