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YES. It will come into (a little slowly though so have a coffee) your old iTunes Library. Then when you launch the new iTunes it will update that Library and ask to to "Authenticate" the new Mac. so then go back to your old G4 and de-authenticate it before you trash or sell it or give it away.
I have done this before and it works beautifully.
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Mac Pro Dual 2.8 Quad (1st gen), 14G Ram, Two DVD-RW Drives, OS X 10.6.2
Mac Book Pro Core 2 Duo 2.16Ghz, SuperDrive, ATI X1600, 2GB RAM, OS X 10.6.2
2TB Time Capsule
32G iPhone 3GS Black |