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InDesign will open Pagemaker files natively. As for how well the file would convert, there's no way for us to know.
If you haven't already purchased ID, download the CS5.5 demo and give it a try.
Thanks, Bob. I was hoping that you would say that I could import a pdf or ps file from PM directly into InDesign, and all would be well. It's not going to be that easy is it?
You can place a PDF but it won't be editable.
You CAN place a PDF and edit it fully in Serif Page Plus X5. If your PDF is multiple pages, you have a choice of placing just one page or all. You can also choose whether you want each page placed as a group (ungroupable later) or as ungrouped. The embedded fonts will all transfer. Fonts not embedded will be emulated (remarkably close). Even photos and graphics placed in the PM65 pub prior to making the PDF will transfer.
I've done this with dozens of PM65 publications, transferring them to PagePlus and then editing copy, resizing pix, changing colors...anything you want. And the really good news is that Page Plus costs less than $100 at Serif.com. And when you're done editing the publication in Page Plus, one click makes a new PDF.
Each time I need one of my old PM65 publications (and I have hundreds), I swivel to my old XP machine, start PM65, export the pub as a PDF, copy it across to my new Win7 machine, open PagePlus, place the PDF and go to work. You will truly be amazed at how easy it is. Contact me if you need help.
Thank you!!! You give me hope.