There is a caveat to this "yes" and that is that it depends on whether when you created the PST file you selected:
* - "Office Outlook Personal Folders File (.pst)" - this is compatible with office 2003, 2007 and 2010.
* - "Outlook 97-2002 Personal Folders File (.pst)" - this works with every form of office, but does not support some non western type (Arabic and Chinese for example can be lost).
If you have trouble, you probably picked the first type but should have picked the second type.
All is not lost!
Re-import the new PST into 2007, re-export it as the old type, and Robert is your mother's brother.
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Overhead, the Albatross hangs motionless upon the air,
And deep beneath the rolling waves,
In labyrinths of Coral Caves,
The Echo of a distant time
Comes willowing across the sand;
And everthing is Green and Submarine
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