All your questions are answered yes, I am not sure about the version as I dont use DevExpress. Just trying to help as I know Ben and Trent are away today.
Here are install instructions.
StrataFrame's 1.5 installation process mirrors that of the 1.3 to 1.4 upgrade, with one additional step. Below is a comprehensive step-by-step leading you through the upgrade process:
Close all open instances of the Visual Studio IDE.
Uninstall all previous versions of StrataFrame.
Download and install the 1.5 update from the My Account area of the StrataFrame website.
Before using StrataFrame for the first time, all users must reactivate their StrataFrame products. This is due to the new activation system, and will only need to be done once per machine.
Existing StrataFrame projects will have references to what are now obsolete (and non-existant) StrataFrame DLLs. These references will need to be removed, and references to the 1.5 StrataFrame DLLs will need to be added in their place.
To update the references of a given project:
Open the project in Visual Studio.
Ensure that the Show All Files option is selected within the solution explorer.
Remove the refrences to the old StrataFrame DLLs (highlighted in the image above).
Right-click within the References folder and select "Add Reference..." from the context menu.
In the Add Reference dialog, choose the “.NET” tab and select these 4 MicroFour StrataFrame DLLs:
MicroFour StrataFrame Base
MicroFour StrataFrame Business
MicroFour StrataFrame Database Engine
MicroFour StrataFrame UI
Click "OK" to add the selected references to your project.
Rebuild the partial classes for your business objects through the Business Object Mapper. To do this, open the Business Object Mapper and on each project node that contains business objects, right-click and select “Rebuild All” to rebuild all of the partial classes for your business objects.
If you are using DevExpress controls, you will need to update your install to DevExpress version 6.2.3, and change the applicable DevExpress refrences.
Keith Chisarik