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That said, my second piece of advice is the crucial one: Don’t upgrade to Lion until you have exported your Quicken data, imported it into a replacement, and tested it. For nearly all Quicken refugees, one or more of them is probably right for you. There are a lot of personal finance packages to which Quicken users can turn. Two Preliminary Pieces of Advice - My first piece of advice is obvious: Don’t panic. So what is a long-time Quicken user, with years of accumulated financial records stored in Quicken, to do? Instead, it’s just another alternative financial package, one that may or may not be a suitable replacement for Quicken 2007, depending on your needs. Sure, Intuit offers a version with a reduced feature set, but Quicken Essentials isn’t a direct replacement for Quicken 2007. Though many PowerPC applications have newer Intel-based versions that will live happily in Lion-land, one popular application, Quicken 2007, does not.
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The first that many people learned of Rosetta’s demise was when they installed Mac OS X Lion and, upon attempting to launch a PowerPC application, saw a rather distressing dialog like this one:

Unlike the death of the classic Mac OS, which came with a full-blown funeral service officiated by Steve Jobs himself, the passing of Rosetta, Apple’s software that allowed PowerPC applications to run on Intel-based Macs, took place without any public acknowledgement from Apple at all.
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