Can i use a 2007 quicken software on my new iMac?

Can I install a Quicken 2007 program on my new iMac even tho it is not supporting Power PC?

No, you will not be able to use Quicken 2007 on OS X Lion 10.7.x. However if you still have your old Mac and can export the data you can import the data into a new app such as iBank. Intuit came out with a letter to it's users about a month ago that they plan on porting Quicken 2007 so that it will be able to run on a Lion however they were not specific about when that would happen. Here is a recent article that talks about that letter:
http://techcrunch.com/2011/12/22/in-a-reversal-intuit-will-make-quicken-2007-for -mac-work-with-lion/
There are many many apps available that will take the place of Quicken for Mac. Personally I made the switch to iBank many months ago after using Quicken for over 20 years on both PC's and Macs. It was very clear Intuit does not take the Mac market seriously. I found importing my data from Quicken 2007 to be very easy and was able to fulfill all my needs with iBank. You will get similar success stories from users that chose other applications too. I like iBank because it provided a 30 day fully functional trial period, it has great support including online tutorials which you can see at:
http://www.iggsoftware.com/ibank/tutorials.php

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