Hi,
In Orderr to make a fresh install of Opera while using the old one. You need to do few things in order to make sure that you don't lose your speeddial items and passwords in wand.
For that we need to go to location
c:\users\
and make a back up of the following files
Bookmarks - opera6.adr
Wand data - wand.dat
Speed Dials - speeddial.ini
And then Uninstall the present one.
After reinstalling the new one go to the same location and replace the files with the backup files and your good to go.
Source: http://www.orkut.com/CommMsgs.aspx?cmm=2464&tid=2573555929332370400
