AFAIK, if you own a previous version of windows then you meet the previous requirements.
You can even use the upgrade media itself as the OS to upgrade from, if you like, let alone the RC. Install from the upgrade CD - it won't activate though because you were meant to run the upgrade. Then "upgrade" from that install, and then activate. Done. Or I think they might've added a way to edit the registry and avoid having to even go through that hassle.
Paul Thurrott has done a few articles on it, and he was convinced (when I last read up on it) that Microsoft are happy for you to do that, as long as you do genuinely own a previous version of windows. How you actually do the install is up to you.


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