Will you be able to upgrade to the new version assuming you are using the current 0.7 version that is available.

activeCollab 1.0 ships with activeCollab 0.7.1 importer so moving your data from the old system should be really easy.

YES!!! I have already told everyone here at work to take it easy on using the 0.7.1 as I did not think there was an sort of compatibility between the two... Nice to know we can transfer our current collab work to the new one when it comes online.