Currently Being ModeratedMay 18, 2012 11:10 PM (in response to towhit)
When you select the Time Machine back up, don't transfer the Power Mac settings.
Currently Being ModeratedMay 19, 2012 9:47 AM (in response to mende1)
Too late! I had already selected everything to transfer, before it stalled. After my post, I just decided to power down and power back up. Everything seems to have transferred over and works fine. I was even able to connect to Software Update from my WiFi connection and do all of the updates, including Lion 10.7.4. Of course, my PowerMac-only apps don't work anymore, but I mainly use Quark 9 and Adobe CS5 anyway, and they run fine.
However, thanks for the tip!