Your new computer sounds more than capable, but I wonder if there's any compatability issues between CS2 and W7? I did a little poking around on the Adobe website to see what their policy was about Student Licenses. There was a mention that Student products could be installed on two machines using a valid registration number. A third attempted install with the same license would not be allowed. I thinking that there's probably no workaround for this situation short of buying another license or upgrading what you've got to the full retail version. Which likely won't be cheap. You might be able to buy a used, older version of PS online but it might be impossible to make sure you're not getting a pirated copy. A pre-CS version should be even cheaper if you don't need all the extra bells and whistles. Just make sure that it will be compatible with your OS. Another alternative would be PS Elements (which does about 90% of what the full tilt PS does) or Corel PaintShop Pro which is also very powerful, either of which should be available for less than $100. And there's also The GIMP, which is free and seems to get some good reviews, though I've never used it myself.