Cubase 6 - side by side 32bit and 64bit installations?

Might be a stupid question as I can’t find any reason it would be an issue, but I figured I’d ask. Is it ok to have both 32bit and 64bit Cubase installed at the same time? I’m currently on Windows 7 64bit with 32bit Cubase 6 and plan to make the move to 64bit but would like to retain everything “as is” with my current installation and plugins. I keep the plugins all under the Cubase installation folder so I don’t see any issue with sharing directories or anything.