Yes, but it won’t happen automatically.
We’ve built the Cut Data Model to avoid any issues upon the release rollout, but there are changes to the Cut, Cut Item, and CutVersionConnection Entities. In order to reduce risk during the release rollout, we separated Schema Migration from Data Migration. Data Migration is handled via a post-release process by our Support Team.
If you have legacy cut data that you’d like to work with the 7.0 Cut Data Model, our Support Team can assist. Just drop them a request.