Is visual Studio 2008 compatible with Project Server 2010

Hi,

I am currently running MSPS 2007 with SharePoint 2007 and SQL Server 2008 r2.

The custom code for project server and reports are developed on Visual Studio 2008.

I am planning to migrate from MSPS 2007 and SharePoint 2007 to MSPS 2010 and SharePoint 2010. After migration, will I be required to migrate the code and reports to Visual Studio 2010 or VS 2008 will support MSPS 2010?

Thanks!