Looks like iWorks is the only way to convert all of my old AppleWorks documents for Lion.

Anyone know of any other alternatives?

Can't convert to Office documents.

The download link leads to a 404 error page.

Updated just fine on my Pismo 500 with 1 gig of ram system 10.3
I first updated the system 10 version and then the system 9 vesrion on a different partion on the Power Book drive. Apple works is the only app in the system 9 partion.
It's the program of choice, I really wish Apple would make it more powerfull as I hate even having Office on my Computer, but there are some cases where only MS will open a certain document. Appleworks will do about 80% of what needs to be done. For Data Base I like Filemaker and wish Apple had not split his off.
If your having problems with the updater not finding Appleworks make sure you downloaded the US Canadian Version not the English International version a easy late night mistake. Again the beauty of Appleworks I messed uo, it uninstalled the English International version. I reloaded my original disk and got the right updater and everything just worked.

Has anyone had a problem with the download. I have tried twice and the download hangs while displaying the message: "Displaying software license agreement." I am using 10.3.2.

This is Apple's "sleeper" product. It simply never seems to get the recognition it deserves. It can import in some fashion about 80% of what you have and export equally, if you know what you are doing. It is great value for the money and is one of the few products to have run a Microsoft product off the "store shelves" - Microsoft Works. For word processing, spreadsheet, database, presentation, publishing, and graphics needs, it will fulfill the real needs of most non-professional users and about half of the needs of the professional users. Where it does fill such needs it makes the purchase of expensive programs such as Office, Photoshop, Filemaker, Quark, unnecessary. If I had a bare bones budget for computers, I could probably get by with just an Emac and AppleWorks and do word processing, email, spreadsheets, drawing, painting, presentations, browsing, desktop publishing, databases, newsletters, taxes, bookkeeping etc. Another-words, I could run an entire business with just that one computer and that single program.

Does it have limitations - most certainly. It is not as full featured as its more expensive cousins. Its database is flat file only, limited in size by memory and not easily scriptable. It does not support plugins for graphics. It is not always easy to move data between Appleworks and some of the other popular, more expensive products.

Nevertheless it can be an inexpensive simple elegant solution for a multitude of tasks and and ideal resource for those with a limited budget, limited time to learn complex products, or both.

I always keep it around and it has bailed me out of many a difficult situation where I did not have the correct tool or nothing else has worked.