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Larry, don't do OS 10.4.2 for anything critical. They still have bugs that they're hunting down. Lots of stupid little things, but they could be damaging if you rely on the software for business. Each one has gotten better, but 10.3 was way more problem free. 10.4.3 is supposed to solve this (fingers crossed), but it about 2-4 weeks away.
For day to day professional work I just want to strip all of the eye candy away and have a simple platinum interface but with multitasking.
I too wish I could run the old software on the new machine.