Yes Yes.
When it is created, it asks the system for an instance of the object that is currently configured to implement IWebBrowser2 ({0002DF01-0000-0000-C000-000000000046}), which will indicate the version of IE installed.
There is not much choice: you cannot have multiple versions of IE installed side by side.
this does not mean that it will behave exactly the same between versions.
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