Using your Imagewriter II with Snow Leopard is not a problem, however, you will have to abandon Appletalk and be satisfied with connecting your Imagewriter directly to your iMac. As Grant writes, Appletalk simply isn't a part of any OS beyond Tiger. After OS X 10.4.11 there is no longer an easy way to network that printer - other than to use "printer sharing" of course.
I use a
Keyspan USA-28XG USB to serial adapter. It plugs into a USB port on your iMac and uses the Imagewriter's standard mini-DIN 8 cable. You will need to disable your Imagewriter's Appletalk protocol by switching the appropriate DIP switch in the Imagewriter. I don't believe you need to actually unplug the Localtalk option board.
You also need to install the appropriate Keyspan driver, which you can download from the website link above. If you're already printing over Appletalk with 10.3 you are probably already using Ghostscript and the Imagewriter driver from
the Linux Foundation so there is no need for you to install anything else. Just remember to install a new printer in Print Center - your Appletalk printer won't be needed any more.
Important! I almost forgot. Install the Keyspan's USB driver
first, then reboot your iMac. Then, install the Linux Foundation's Foomatic driver *while the Keyspan is connected.* This is critical for the driver to recognize the printer. The Imagewriter II and Keyspan drivers will then appear in Print Center (or whatever Snow Leopard calls it).
The Keyspan adapter above has a list price of around $90 but I found a similar model on eBay for much less. Search for models USA-28, USA-28X, USA-28XA, USA-28XB (these may also be designated -28A or -28B... the website has conflicting information about their designations) but there is no functional difference between them for your purposes.
Please post back with any problems. My Imagewriter II is still running strong with all my new Macs. The Keyspan solution has been reliable and trouble-free.