Upgrading a program from Delphi 6 to 2007 - What's nessicary

We've been developing a program in Delphi 6 for years, and now would like to move to the newest Delphi since more components are supported for it, and it handles some Web 2.0 stuff. The problem is I've been asked to assess how hard the move would be. I heard that all I need to do is install any third party components in D2007, then open the program's project file and it should work. Is this correct? Also if I have components that are only compiled for D6, is there any way I can still install them in D2007 or would I have to find their sources and recompile them? One additional thing, would I have to change any of the source code?

Thanks!
- Daniel

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