You only need to create one Outlook VSTO add-in according to this article.
Basically, the new interop built-in type feature in Visual Studio 2010 helps the add-in to enable PIA at run time. The only problem is that you need to encode the lower denominator (2007) or check the version of Outlook in the code and enable the necessary 2010 features.
Alternative: you can consider using a third-party tool (www.add-in-express.com), this tool allows you to create add-ons independent of the version.
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