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Apple Insider posted a story that Apple has issued an update to Migration Assistant for Mac OS X 10.5 Leopard, allowing Leopard users to transfer data, settings and applications to new Macs running Mac OS X Lion.



Issued on Wednesday, Migration Assistant Update for Mac OS X Leopard resolves an issue that prevented the tool from transferring data to the latest version of Mac OS X, which Apple released in July. The update is a 4.98MB download and requires Mac OS X 10.5.8.

Users should take note, though, that Mac OS X Lion drops support for the Rosetta emulation environment, so any migrated PowerPC applications will not run on the new OS.
  Apple adds Mac OS X Lion compatibility to Leopard Migration Assistant