A while back, I've informed that I'm working on a tool to migrate AS 5 config to AS 7.

Voilá - it's getting somewhere. The project is moving forward, the structure seems to be stable, and it already migrates the most important stuff.

Also, there's a documentation ready for both users to try the tool, and developers to contribute by implementing missing Migrators.

If you'd like to try the tool, download the current staged version and use as described in wiki - How to Run.

And let me know what you think

Update: New staged version 0.9.2 available.