Pro/Engineer Wildfire 5.0 M060 is the same as all other 5.0 releases. With the M070 build it is now Creo Elements/Pro. New load point, new look to the shortcut icon, and new splash screens. All other functionality is the same as any other 5.0 release. One thing that is different is if you are downloading the software from PTC, for a release after M060, you will need to make sure that you go to Creo Elements/Pro section as shown below:
This caused some confusion when we were looking for the M070 release.
Like Doug said Creo 1.0 is due this summer. I would agree with Steve, skip it.
That is the problem with PTC software. They leave the debugging to their customers as a means of reducing their internal costs. Creo 1.0 will only be put into production at the F000 build by the brave who have time to submit and track bug reports. By the time the m050 or m060 build get released, Creo 1.0 may be stable enough to put into production by those who have a need to use it. Since Creo 2.0 is needed for Windchill, most of us will have to wait anyway for that release.
I am sure that you can, but you would have to specify the load point. Here is the load point path for M060 (C:\Program Files\proeWildfire 5.0\bin) and for M070 (C:\Program Files\PTC\Creo Elements\Pro5.0\bin). These are the default location of the installation. We haven't tried specifying a different location yet, this is on a test station. We are hoping that once we specify the existing load point it will update the same as in the past.