The only mentioning of backwards compatibility I could find was this reddit post which only went into details about the automated update process to allow for the fact that references are now required. In my university they haven’t upgraded to unity 5 and whilst I’d prefer to have unity 5 at home for my personal projects, I’m not entirely sure it will work for assignments and so on.
I tried it earlier and the scenes seemed to mess up (everything disappeared)! between 4 & 5, but it could’ve been my source control.
Anyone else have any information on this?