Having said that let me tell you how the import went. I used the latest smarty release. All the Wordpress entries and comments when through with no problem.
The problems are that all the entries are closed to comments. Would I have to go through each entry to open up comments?
The comment count doesn't recognize the WP comments.
When I open the entry to comments the spam plugin still blocks comments from being left. I've since turned off the pugin.
And for some reason in the version of IE I use at work it doesn't recognize the CSS.
This is by no means a complaint. I fully intend on switching to Serendipity as soon as I can resolve these issues.
The test install is at http://test.thetrenchcoat.com