I've tried without success. Neither iPhoto nor Aperture open the library anymore, despite both updating it an not being able to "use" it at the same time (Aperture opens nothing, iPhoto opens a blank library). They both change the DataModelVersion.plist to the following when they try to open it, though the application identifier seems to switch depending on what the last program to attampt an opening was. :
<?xml version="1.0" encoding="UTF-8"?>
<!DOCTYPE plist PUBLIC "-//Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/PropertyList-1.0.dtd">
<plist version="1.0">
<dict>
<key>DatabaseCompatibleBackToMinorVersion</key>
<integer>220</integer>
<key>DatabaseMinorVersion</key>
<integer>225</integer>
<key>DatabaseVersion</key>
<integer>110</integer>
<key>adminProperties</key>
<dict>
<key>GeneralPreferences|FacesEnabled</key>
<true/>
<key>MobileMeEOL|migratedAccounts</key>
<data>
PD94bWwgdmVyc2lvbj0iMS4wIiBlbmNvZGluZz0iVVRGLTgiPz4KPCFET0NU
WVBFIHBsaXN0IFBVQkxJQyAiLS8vQXBwbGUvL0RURCBQTElTVCAxLjAvL0VO
IiAiaHR0cDovL3d3dy5hcHBsZS5jb20vRFREcy9Qcm9wZXJ0eUxpc3QtMS4w
LmR0ZCI+CjxwbGlzdCB2ZXJzaW9uPSIxLjAiPgo8YXJyYXk+Cgk8c3RyaW5n
PmRhdmVzd2FsbGFjZTwvc3RyaW5nPgo8L2FycmF5Pgo8L3BsaXN0Pgo=
</data>
<key>database.iPhoto|lastEmptyEventUuid</key>
<string>1E632696-E4E5-4CCC-B99B-8357D925A98B</string>
<key>database.iPhoto|lastImportEventUuid</key>
<string>V86nK6NqTnak1SKbE%o0ew</string>
<key>database.iPhoto|lastNMonthsValue</key>
<integer>12</integer>
<key>database.iPhoto|movieSerialNumber</key>
<integer>101</integer>
<key>database.iPhoto|photoShareProperties</key>
<data>
BAtzdHJlYW10eXBlZIHoA4QBQISEhBNOU011dGFibGVEaWN0aW9uYXJ5AISE
DE5TRGljdGlvbmFyeQCEhAhOU09iamVjdACFhAFpAZKEhIQITlNTdHJpbmcB
lYQBKxdJUEhQcm9wZXJ0aWVzVmVyc2lvbktleYaShISECE5TTnVtYmVyAISE
B05TVmFsdWUAlYQBKoSEAXGcgUcLhoY=
</data>
<key>database.iPhoto|showLastNMonths</key>
<true/>
<key>database|RKXMLExportManagerMode</key>
<string>RKXMLExportManagerExportAlwaysKey</string>
<key>database|UseEmbeddedJPEGv2</key>
<true/>
<key>database|applicationIdentifier</key>
<string>com.apple.Aperture</string>
<key>database|automaticallyGenerateFullSizePreviews</key>
<true/>
<key>database|createDate</key>
<date>2012-12-19T21:20:58Z</date>
<key>database|databaseUuid</key>
<string>T6pDrqirR7SnKbus2qLfrQ</string>
<key>database|imageIOVersion</key>
<string>851</string>
<key>database|isIPhotoLibrary</key>
<true/>
<key>database|previewQuality</key>
<real>0.83333333333333304</real>
<key>database|previewSizeLimit</key>
<integer>1</integer>
<key>database|rawCameraBundleVersion</key>
<string>711</string>
<key>photoStream|autoUpload</key>
<true/>
<key>photoStream|explicitlyDisabled</key>
<false/>
<key>touchedBy|com.apple.Aperture</key>
<integer>1</integer>
<key>touchedBy|com.apple.iPhoto</key>
<integer>1</integer>
</dict>
<key>createDate</key>
<date>2012-12-19T21:20:58Z</date>
<key>databaseUuid</key>
<string>T6pDrqirR7SnKbus2qLfrQ</string>
<key>isIPhotoLibrary</key>
<true/>
<key>masterCount</key>
<integer>0</integer>
<key>projectCompatibleBackToVersion</key>
<integer>8</integer>
<key>projectVersion</key>
<integer>8</integer>
<key>touchedByAperture</key>
<true/>
<key>touchedByIPhoto</key>
<true/>
<key>versionCount</key>
<integer>0</integer>
</dict>
</plist>