From a conversation that came up on the SBS2k@yahoogroups.com listserve….
When you get ready to migrate from SBS 2003 to SBS 2011 you need to decide how much you like your SharePoint data or if it’s easier to just redo it and redesign it.
This is the “how much do I really care about SharePoint or do I bail and redesign the SharePoint and just drag that data from the one server to the other” step.
If you care about sharepoint you’d probably already be using Sharepoint v3.
Otherwise if you want the data exactly moved over keeping the metadata of date stamps on the SharePoint you have to install Sharepoint v3, migrate the data from v2 to v3 and then migrate the data from the source servers v3 to SharePoint 2010.
In other words — ugh.
So the alternative is to park the raw data out and redesign the Sharepoint new on the new server.
In my opinion, it’s time to redesign SharePoint and start fresh.