Can Xcode 4.1 and 4.2 beta 4 be safely installed side by side on the same machine (Lion)?

Question

Are there any problems installing xcode 4.1 and 4.2 beta 4 side by side on the same mac (10.7)?

Answer 1

No problem. Of course, you will need to install them in different places. In order for it to work, I first had to remove 4.2, then install 4.1, and finally install 4.2 again in another folder.

Both of them work great, and they can also be run side by side.