I am in the same position, been on Quicken and have records dating back to the early 1990's. When looking for an alternative I downloaded iBank 4 and SEE. I exported and imported to both programs and SEE went smoother although there were a few glitches I had to fix that took me about one day which I thought was pretty good considering the massive amount of data and investment material I imported. iBank was much worse but I managed a couple work arounds.
After getting them up and running I ran them side by side for a month or so, posting everything to all three programs (a total pain). I soon learned that iBank wasn't for me mainly because of their reports. Not even close to Quicken 2007. I need detailed reports to prepare my taxes and iBank just couldn't produce them.
Side note.. I believe that even though Q2007 is going on 6 years old it is STILL ahead of anything on the market if you are looking at the complete package (loan tracking, investment tracking, doing taxes, online bill pay.. etc, etc.) Nothing comes close in my opinion, even with all the times I've cursed it out.
So I dumped iBank (but it is a nice program) and continued to this date with Quicken and SEE. I needed to complete 2011 with Quicken so I could prepare my taxes so yes, I posted everything to both. I like SEE and it has run within pennies on ALL calculations compared to Q2007. It doesn't really have any glitches that I've found but it is FAR from a complete package. The developers are very good and very fast at answering questions and they are very open to taking requests for future improvements. They even admit, it isn't a Beta but it still has a long way to go because it still isn't even version 1.0. They are keeping it under version 1.0 until they are ready for the full blown release, that is why you can't find it in the App Store.
SEE is a VERY powerful program and will complete with any as they progress with the development. Don't think there are any BUGS, I really haven't found any, it doesn't crash and runs very smooth. It just isn't complete. I don't know how else to say it. It needs some fine tuning, a few more strategically placed buttons and the reports, which are VERY customizable, need to be a easier to produce. It is Lion compatible and ready to go. It is a very complex program that will continue to grow. For the price ($29.99 when I purchased it) I told them they aren't charging enough.
Bottom line (with a LOT of thought since running them side by side for over 6 months). I still like Quicken better. Maybe it is because I've run it for all these years and know it inside and out.. but, that being the case I would stick with Quicken 2007. I recently got audited for my state taxes. Using Q2007 I went back and pulled up all my records and it was so simple. Having to do this on another program would have been impossible considering the reports I needed. I made up my mind right then to stick with Quicken as long as I could.
My thoughts are this. Intuit is a huge company. It turns out so many programs (Turbo Tax, Windows, etc) each year there is no reason they can't continue to bring Quicken up to date and keep it there, especially since so many Macs are being sold now a days. I would pay big money for a "complete and up to date" program that works !! I agree (and blamed Intuit every year) for bringing out an update that basically did nothing. Lots of software companies do this, FileMaker is the worst and their updates run a couple hundred dollars every time.
At least Intuit only charged around $35.00 for their upgrades.
I was ready to run Quicken 2007 on an alternate Mac so I could continue using it, still might, I have it all set up. It is a total pain but so be it.
I just ran across this link the other day and was very surprised. Everyone should go there and post their email address to SHOW Intuit that we want them to produce and continue to upgrade Quicken for Mac
Here is the link.. http://quicken.intuit.com/support/help/lion-compatible-quicken-for-mac-2007/GEN8 3769.html
The above link is to be notified by Intuit when the update/patch is ready. Numbers get results so the more people that request the notification will tell Intuit we are serious. Even if you have already switched to a different program you should sign up because we NEED alternative programs. Some need simple, some need complex but only having a couple choices is not good. Competition will get us better programs and more choices with companies that won't be here today and gone tomorrow. Intuit isn't going away, they are to big. SEE will be a good competitor but they have a lot of work to do (which they admit) before it is complete.
Post your email and let's see what Intuit delivers. The more people that sign up the more Intuit will realize they have a market for a good program, not the unmitigated disaster they gave us with Quicken Essentials.
Just my two cents..