I poked around a little and found that I did have BIDS for 2008. I was able to open & update packages, after some playing around with the conversion...

I'll have to check. The install was done from a file share and I don't have complete access to the location (the joys of working for a large company...

They are stored in the file system. I don't have Visual Studio 2008 available (SQL Server 2008, but not VS 2008), so I am not able to use it...