I would say the easiest thing to do with legacy programs is to run a virtualized version of an older windows OS within Vista.
Visit VMWare Server to download their free product that can run in Vista. You can then "find" a windows 98 cd-rom image to install with. It is fairly easy, but there will be a little work getting Win98 running.
This is probably the best way since you don't have to worry about compatibility with Vista, and also if the legacy app crashes it only crashes your VM and not your whole system.
If you would like some more in-depth discussion about virtualization, just email me.
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