Is it safe to delete the 4.0.0 folder under Program Files after installing 4.0.1? Looks to have all the same files as the new installation. I deleted the 4.0.0 folder and the newer release seems to work OK.
Yea but I keep each version so I can use which ever version I want to. Sometimes they make a change like in 4 to 401 where a good feature is removed in the new version.
This gives you some flexibility.