Yes pparks, you are correct. I just chatted with MS customer service. Here is the answer from the "Horses Mouth". It would seem that transfers are just fine:
Please wait for an agent to respond. You are currently '1' in the queue.
Privacy Statement
You are now chatting with 'Calvin'.
Calvin: Welcome to Microsoft Customer Service Chat, Greg. Kindly give me a moment to review your question. Is that okay?
Greg Isaacs: no problem, Thanks
Calvin: You are welcome.
Calvin: Thank you for waiting.
Calvin: May I know the specific Microsoft product you are referring to? Example: Windows Vista Home Premium, Office Home and Student 2007, etc.
Greg Isaacs: It is Windows 8 Pro upgrade. I bought it from your web site when it was $40
Calvin: Okay.
Calvin: I understand your concern.
Calvin: I will be more than happy to help you in this regard.
Calvin: May I have the 25-digit product key of your Windows?
Greg Isaacs: sure, please give a minute to pull up the email....
Calvin: Sure.
Greg Isaacs: <deleted for Privacy>
Calvin: Thank you for the information. Kindly give me a moment while I validate the product key for you.
Greg Isaacs: no problem
Calvin: Thank you for patiently waiting.
Greg Isaacs: no worries
Calvin: I am glad to inform you that the product key is valid one. You can transfer the licenses onto another computer.
Calvin: Do you have the disk or the download link for your Windows 8?
Greg Isaacs: I did burn a disk, and I still have the e-mail with the download link as well. Will my friend need to call to activate with you? Not a big deal, I just like to be prepared
Calvin: Good to know that.
Calvin: For help with the activation, please get back to us on the chat session.
Calvin: I am glad that I was able to help you on this. Have I answered all your concerns for today?
Greg Isaacs: sounds good! Thank you so much, you have been very helpful! Have a great day!
Calvin: Thank you.
Calvin: You are welcome.
Calvin: Microsoft values your feedback about the quality of service that you received today. We will be sending you an email survey and I would like to request you to share your opinion. Our goal is to continuously improve and provide great customer service to you.
Calvin: Thank you for using Microsoft Customer Service Chat. Please feel free to come back again. We are available 7 days a week, 24 hours a day.
Chat session has been terminated by the agent.
Hope this helps someone else down the road as well. It's good knowlage to have
Thank you all for helping as well!
Geeve