I heard Lyon won't work with Quicken, what software is taking it's place and will it be easy to transfer data?

I have read reports Lyon won't support Quicken.  I use Quicken all the time.  what finance software is taking it's place/recommended and will data transfer be seamless and easy?

You have that backwards. Quicken will not work with Lion, and Intuit will not produce a compatible program. They suggest you switch to Quicken Elements.
There are quite a large number of finance software available. You will find them at MacUpdate or CNET Downloads
I believe a good candidate is Mind Your Own Business - MYOB, but there are many others. You will have to find one that suits your particular needs best.
The Quicken you now have is able to export some of its data files to .csv format that can be used with other software that cannot read the standard Quicken file format.

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