It is true. If you are having a hard time moving on to the newest technology because there are still some of those old, vintage programs that you just can't live without (maybe, AppleWorks, for example), it is possible to move on to that latest Intel-based Mac that you've been desiring, run Lion on the Mac, and still run your old programs.
You can do it through emulation.
Though I'm not going to try this myself any time soon, this certainly seems a promising way to go. Here is a link to a discussion of how to get started:
You might need some help from your geekier friends to get this up and running, especially when it comes to getting a copy of the ROM you will need. But this may be the way forward you were looking for.