Thank you - this is not so bad then! Based on what you are saying - in the Devlop module of LR 1.1, Noise Reduction should still be read by CS2? Do you think there is one control in in the new sharpening panel that would be read by CS2 or it will just ignore the whole thing now that there are 4 controls instead of one? And it looks like Defringe is new under Lens Corrections so that would be ignored as well, but the other two controls should still work? Have you or anyone out there tested all this? Too bad Adobe technical support doesn't tell us these things.
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The Amount slider in the LR 1.1 Sharpening translates to the Sharpening slider in ACR 3.7 in CS2, and vice versa.
Noise Reduction settings are transferred across, although I believe the results of the NR are better in LR 1.1 than CS2/ACR. Any sliders which were already in 3.7 will read settings from an equivalent LR setting - the team have been very careful to keep legacy support as far as possible.
And yes, I've been testing the compatibilities for quite some time now as I work with both CS2 and CS3 on Mac and PC, as well as LR, and yes, they work.