PP2.0 files in CS3?

Worked for me. If they won't open directly, you can try importing the 2.0 project into a new CS3 project. Actually, that's probably the best route to take as that will ensure that the project is fully updated to the CS3 format.

Incidentally, once that happens, they won't reopen in PP2.0... caveat emptor.
 
Just use your preferred method of import (ie. File>Import, Ctrl+I, double-click in the project window) and select the .pproj file. The program will create a new bin named for the project, and inside that bin it will recreate the bin structure, masterclips, and sequences that existed in the original project.
 
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