Will your 1.0 extensions still work?
From Joomla! Documentation
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There is a legacy system in place that will allow extensions that are not 1.5 compatible to continue to operate. However, we strongly recommend that you update to the current version of all extensions prior to migration and that you check each extension's home page for specific recommendations about migration for that extension.
To activate the legacy support, go to the plugin manager and enable the legacy plugin.