What will happen to my iTunes library if I upgrade to iTunes Plus?

Posted:
in iPod + iTunes + AppleTV edited January 2014
I have read the FAQ but it's not that clear.



What will happen to my existing iTunes library if I upgrade to iTunes Plus?



If 128 bit drm store bought tracks and cd ripped tracks can exist side by side in my library why can't iTunes plus complement this and do the same?



What is this about iTunes deleting my old library (unless I tell it not to) and what are the logistics of iTunes library management if I upgrade.



Do I have to choose one library at a time to sync, will I have two libraries. Can someone demistify this for me?
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