One small thing to add:
Corel DESIGNER Technical Suite X4 will pick up the connection to Corel PHOTO-PAINT completely (until uninstalled and CDTS 12 installation renewed with a repair installation).
That means whenever you are selecting a bitmap in Corel DESIGNER 12 for editing it will launch Corel PHOTO-PAINT X4 then. As far as I have experienced this is not an issue as you can edit and save the modified bitmap image back to Corel DESIGNER 12 without any problem.
Regards,
Klaus.