Not really, since the version of VS that can build a project is tied to the version of the project/solution file, and once VS opens/upgrades it to a new version, it can no longer be opened/built in older versions. I believe that this situation will start to improve in VS vNext (it will be able to open VS2010 projects without converting the file format).
http://blogs.msdn.com/b/zainnab/arch...ancements.aspx