I acquired a Yubikey Neo last month. Now I want to use the Smart-Card functionality for PGP. I followed the official guides on the Yubico Website tested it with 2048 RSA Keys and it worked fine. But if I would lose the Key I would have a Problem, because the main private key was solely stored on the Yubikey. So I tried another approach. I created a key on my Computer and used it to generate three subkeys, one for signing, one for authentication and one for encryption. Then I moved the three subkeys on the Yubikey. I wanted to store my Master Key in a safe place and wanted the Yubikey for daily use. I used RSA 4096 for my Master key and RSA 2048 for the subkeys because the Yubikey does not support greater keys. This worked as well.
Question:
GPG supports ECC in newer versions. Is it possible to create a Master key using ECC instead of RSA (Subkeys would still be RSA) and will I be able to communicate with other people (using my subkeys) who use systems that don't yet support ECC? And will they be able to sign my Key and I theirs without problems?