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Upgrading to Visual Studio 2012

Im planning to upgrade to 2012. Will I lose my 2010 projects after installing or would this install independent to previous versions. Will it overwrite the app  directory?
Will I upgrade my projects to this version?
What are the steps I need to do and watch for? thanks
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Mike Tomlinson
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What's your experience using new version?
Not tried myself but I have heard that VS2012 and VS2010 use same solution file so you can continue to open the solution in both versions without changes.
I have both on my PC (because Crystal Reports for VS2010 is not working in VS2012) and I don't have any issues.
IT WORKED!