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Default Excel 2002: How is the Excel 2007 file format open in Excel 2002 ?

Dear Sir,

I understand that there is a download from MS for converting the format for
Excel 2007 in order for it to open and edit using Excel 2002.

May I know after downloading the format converter, the Excel 2007 file that
I open using Excel 2002 does it has up to over 1 million line as it is in the
Excel 2007 ?

The over 1 million lines that Excel 2007 has is definately a great feature,
may I know is it legal for me to have a bank Excel 2007 file and I open it
over and over again to work on it and save it in that format ?

If the answer is yes, this is definately a bonus from MS for all the users
of the earler version of Excels.


Thanks

Low

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