Hi bohemiadesign,
<blockquote>If I buy it as it currently is- is it then possible to get it converted to the new T3 framework and for Joomla 3.0?</blockquote>
I have already asked our dev team and they confirmed that the JA Portfolio template was added to upgrade list and is going to be upgraded to run on our new T3v3 framwork. But, the exact released time of this update will be announced in coming time since our dev team has been having some priority tasks to finish the compatibilities of JA Teline IV on new T3v3 framework. Hope you can wait for this.
In case, you can’t wait some time for the new JA Portfolio upgrade, you can raise a bid at http://www.joomlancers.com/ or put your requirement here ? By that way, the Joomla developers who are familiar with using our T3v3 framework, can help you to handle this upgrade task.