What is wrong with you people? This may in fact be the only option Intuit has that makes any kind of business sense. It's called legacy software, and it's expensive to maintain. They're not going to make any new money off this product, and the conversion costs could very well be insane.
They have a path going forward with a new code base. It may not be going well enough for you, but it's nice they're coming up with a solution for the old software at all.
Oh please. They have the most incompetent software architects on the planet. If Intuit had a shred of competency, they'd have a Mac version that used the same file format as the Windows version, used the same communications protocol for online banking, have feature parity, and could easily have updated it over the years. That would have made good business sense and would have been more profitable for them in the long run.
But instead, Quicken Essentials is basically saying "we %@ed up, so we're starting from scratch without any plan." Here's a plan for you, Intuit:
1. Write a Mac application that can read all of the data out of the Windows Quicken file.
2. Write down all of the features in Quicken for Windows.
3. Implement the all of the features from step 2 into the app you wrote in step 1.
They should have done this years ago. There are a lot of smart programmers at Intuit - it's too bad their bosses are completely incompetent.