Hi swtat,
Yes you can have as many as you want. The installer doesn't make it simple though.
If I'm installing older to newer MQX's I can easiy do the install.
If you are trying to install an older MQX on a system with a newer MQX, sometimes I have to remove the System Environmental Variable (MQX_PATH or MQX_ROOT).
Other times I just want two copies of the same version. One as original and one for messing around with. I then just a copy-n-paste in the new installation.
If I'm applying a patch to the MQX, then I copy-n-paste the MQX version, apply the patch, and rename the patched MQX. I've had to do this with our WiFi vendor patches as example.
Note a simple copy-n-paste of the MQX folder does chew up a bit of hard disk space!
Lastly something to watch out for. When installing MQX, it looks to find what development tools you have installed on your system (CodeWarrior, IAR, Keil, etc) and applies TAD (Task Aware Debugging) so that could mess up your development tool TAD working with one version or another but manual patches described in MQX4.0/tools/[dev_tool]_extensions/readme.txt file.
Regards,
David