I understand maybe some features in VP23 may not be available in VP22, but as far as built in FX, presets, etc, those are available to both versions. If opening a VP23 project in VP22, it could at least allow complete transferring of all timeline assets, including text and animated text events.
I am growing increasingly frustrated with V23, and despite some saying it will be updated, to me, at this point, V23 just feels abandoned, and I'm tired of having to try to render my projects 3,4,5 or more times. The final straw was yesterday when I had to render my project 10 times before it would complete. There's no logical reason why I should have to do this. If it were a media or fx issue, the render would always fail at the same point, but it doesn't. It fails at different points. But, I had already posted a thread about this a few weeks back.
Anyway, I've decided that now I am going to use V22 exclusively because it is far more stable and I have no issues rendering. I do have very many projects created in V23, that I can never use in V22 without having to do most of the work over again. Copying text events on the timeline from 23 to 22 reverts all the text events to static events with the default settings.
There should be a way just to open the newer files in the older versions so at least the timeline events are intact, and if anything cannot be used in VP22, present a list of the items that coudn't be transferred over.
I know it will never get done, as they can't even fix what's already broken, or has been broken in version after version. This is just my wishful thinking. It's also frustrating that just opening a file in V23 automatically renders it useless in the earlier version even if it's not saved.