It was late last year that Intuit offered a Christmas olive branch to frustrated Quicken 2007 for Mac customers. The finance software giant promised that it would find a way to make Quicken work on the latest version of OS X; today, it looks like that promise has been kept. Quicken for Mac 2007 Lion Compatible is now available for purchase.
While the company had built a ground-up Mac offering in Quicken Essentials that showed some spark and a new look, it lacked some of the key features that users of Q2007 had grown fond of (QIF export, direct bill pay, support for rental properties); unfortunately, the older app was never updated past its PowerPC roots and ceased working when Lion dropped support for the Rosetta compatibility layer. Q2007 users fumed, jumped ship to other finance products, stuck with Snow Leopard, or shrieked with frustration if they updated without realizing the issue. (We tried to warn you, people, really we did.)
It's not easily found on the Intuit site, but the Lion-friendly version of Quicken 2007 can be bought online (it's US$14.99). Searching for it via Intuit's built-in tool doesn't work, and it's not listed in the full product rundown; it's possible that it's not officially announced/ready for prime time, but there it is. You can read about the data migration process back from Essentials on the company's support page. No data migration is needed for Q2007 or older versions post-2004. Intuit still recommends that new customers go with Essentials instead of Q2007.
You can read our interview with Intuit's Aaron Patzer here, and an external perspective from Intuit's competitor IGG Software here.