I have an Exchange 2010 server and an Exchange 2003 server that I am migrating off of, or transitioning as Microsoft wants to label it. The 2010 box has a public folder database and I've setup all the 2003 public folders to include the 2010 database on their replication. When I look at the public folder manager on 2010, I can see all the system and normal public folders, but there is no content in any of them. The replication status on 2003 shows "Local Modified" for the 2010 copy. Users on 2010 see the public folders, but again, there is no content.
I have checked the queues on 2003 and there is nothing held up in there. I'm not sure why replication is not being done.