Programmatic identifiers are not guaranteed to be unique so they can be used only where name collisions are manageable, such as in achieving compatibility with OLE 1. Also, the ProgID is the "class name" used for an OLE 2 class when it is placed in a server application (OLE 1 server).
Note Because OLE 2 provides a built-in OLE 1/OLE 2 compatibility layer, rarely will an OLE 2 class that is insertable in an OLE 2 container not be insertable in an OLE 1 container.