Well, if the threads install isn't being used, delete it... It's what I think is hacked, and you're not even really using it (until it gets migrated from classic) and you'll want the latest software there too...
I can do the migration no problem, it'll take a while to do though (since technically it's from one product to another versus just an upgrade); shoot me an email james[at]virtualnightclub[dot]net and we can talk logistics.
I would love to delete it but I have the colors set the way I want to view set the way I want and everything. It was so much work for me to get it up I hate to just delete it. I will send ya an email later tonight.