I'm not quite sure, but I don't the 2007 setups and the current ones are that incompatible; isn't it just the setup name that changed? Wouldn't simply renaming the setups do the trick?
IIRC, there was a li'l app to rename all your old setups in to the new one. But then again, I wasn't around at the time - just something I seemed to remember reading in the forum...
Do a wee bit of diggin' around and I'm sure you would be able to find something. You could also ask
troy if he knows anything about it.
Good luck!