Paul said:
You probably want this.
http://en.wikipedia.org/wiki/Windows_Anytime_Upgrade
The files for all five versions of the OS, are already on
the hard drive. When you purchase an Anytime Upgrade key,
and kick it off, the installation process links a few extra
files from the "store" to the Windows folder.
Just make a backup of C: first, in case it doesn't go
smoothly. I don't think it is quite as traumatic as adding
SP1 service pack to the system, but you should still be prepared
for anything.
Paul
Ah, I see. They don't sell it any more. So much
for the word "Anytime". What a joke. I can't find it
for sale anywhere.
So now I see why you're starting with a Pro disc...
It would likely be twice as expensive to buy a Pro disc
and do it. You can try doing a Repair Install, and maybe
it would keep your files. (You should be left with a
Windows.old folder when you're finished, containing the old
OS. Disk Cleanup will remove that, when you want to get rid
of it and free up the space.)
While the Upgrade Matrix has some info on upgrading, it
doesn't answer your question. By "extrapolation" the answer
should be yes, but confirmation is simply not on the diagram.
http://www.dvhardware.net/news/windows_7_upgrade_matrix.jpg
A change between 32 and 64 bits, would make you start over again.
You'd need to keep the same bit-ness of OS, if trying to upgrade
and do it in-place.
Maybe someone else here, has actually done it...
Paul