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There are many differances some of them are From User Tool(7.0.1) to Developer Studio(7.5).
7.5(No Over Lays)-->7.6(Over Lays).
Please See Release Notes to Find all the Changes.
I think this will help you,
Thanks a lot for the information .Can you please give me a link for Release notes or could you please tell me where can I get that release notes?