With Lion launching next month, some users who rely on Quicken for Mac 2007 may want to hold off updating for a while. As it stands it Quicken relies on Rosetta, an engine that allows PowerPC code to run on Intel Macs, but Lion removes support for Rosetta – rendering Quicken for Mac unable to run on Lion.

The Mac Observer talked to the Aaron Patzer of Quicken to find out a bit more about the situation and found that PowerPC codebase is the foundation for Quicken for Mac 2007. Patzer says it “has many intricacies – including its own custom-built database engine that are very much PowerPC specific”. He explains that porting the code over would take a significant amount of work, which is why they recently decided to develop Quicken Essentials, a brand new app developed on the Intel code.

For many Quicken Essentials or perhaps another Intuit owned service, Mint.com, would suffice in replacing Quicken for Mac 2007. However because of its lack of some features, most critically bill pay and detailed investment tracking, it may not be enough. Well there is some, potentially, good news for those users. Patzer said that Intuit has been working “closely with Apple” to potentially get Rosetta (or parts of it) running in Lion.

The project has been underway for the past few months, with Intuit working to possibly embed specific Rosetta libraries into Quicken For Mac 2007 to get it to run. This, too, is not a simple project and may never come to fruition.

Patzer says they will know by the end of summer where the project stands and whether or not the old Quicken for Mac will run in Lion. However in somewhat more positive news, Intuit is on their way to deliver an iPad app for Mint.com within the next few months.

[Via The Mac Observer]