I want to make sure my understanding is right from what I have read on the forums.
I have purchased the egg hunter's $99 special

I have started with HTML Editor. Are they all managed the same way as follows? Note I have 2 questions in italics.
- On "Your Downloads"->"software" tab, the latest version is listed in the Programs column. Clicking that link is the same as using the download button
- The downloads are always the latest full version of the programs [lifetime updates]
- Update process is to uninstall the current version, then download and install the whole program anew.
- There is no 'update' feature in the program itself, but it does contact the CC server and will alert me if an update is available.
- The "Update available" notice on "Your Downloads"->"software" tab is purely informational in that there is no process in the account area to detect or record whether I have already downloaded the latest version. I could judge by the date listed there or open the program and check the version or see if it alerts me.
- No worry about backing up any data/resultant project files [outside of my normal backup schedule], the uninstaller should always leave those behind, and provided media will be replaced. (What about media obtained separately - purchased or freebie .wisp for example - are they safely left behind?)
- Backwards compatibility is not an issue. Just re-open in the new version a file/project made in an earlier version and proceed as normal No conversions needed. (EVEN a few versions later?)