Quicken 2007 for Mac Will Be "Lion-compatible" By Early Spring 2012

Update 3/9/12: Lion Compatible Quicken Mac 2007 is now available.
Quicken Mac 2005 – 2007 data files will automatically convert into the Lion compatible version. If you’re currently running Quicken Essentials for Mac on OS X 10.7 Lion, and have previously converted from Quicken 2005, 2006 or 2007 for Mac, you’ll be able to migrate your Quicken Essentials transaction data to Quicken Mac 2007 OS X Lion compatible.
The update is available from Quicken for $14.99. See more about this on Quicken’s website.
From Quicken 12/22/12:
Dear Quicken Mac Customer:
As a fellow Mac fan and customer, I wanted to personally introduce myself, and share some highlights of our Apple-related efforts with you.
I recently became General Manager of the Personal Finance Group at Intuit, responsible for Quicken and Mint.com. Intuit’s 25 years of leadership in personal financial management software makes me excited to lead this team and I am committed to creating products to help you reach your financial goals.
I recognize, however, that we have not always delivered on this promise to Quicken Mac customers.
As you may know, Quicken for Mac 2007 does not currently work on Apple’s latest operating system, Mac OS X 10.7 (Lion). I understand the frustration this may have caused you and have put a team in place to address this issue. I am happy to announce that we will have a solution that makes Quicken 2007 for Mac “Lion-compatible” by early spring. There are still details to be worked out, so I ask your continued patience as we work through these. In the meantime, you can find more information on our Mac FAQ page.
Working toward a Quicken for Mac 2007 solution is just a first step in winning back your confidence.
We are expanding our development team to continue our renewed focus on personal finance solutions that suit the needs of our Mac customers. As we develop solutions, we’ll be looking to you and the rest of our Mac customers for ideas and feedback.
I understand we have a way to go, but I wanted to start by communicating our commitment to Mac and look forward to sharing the details with you as they emerge.
Thank you for your continued loyalty to Quicken.
Sincerely,
Aaron Forth
General Manager, Intuit Personal Finance Group