Exchange 2000 Migration

We are getting ready to migrate our current SBS / Exchange server to a new 
box..... since it is SBS and the PDC, this there a relatively painless way to 
move the user accounts instead of creating them manually and having all of the 
users update their passwords?
 
Would this idea work?
 
1. Only install Win2K on the new server.
2. Migrate user email and shared data from the current SBS server to the new 
box.
3. Remove the new box from the current network and finish the SBS installation.
4. Remove the existing SBS and replace it with the new one.
 
We were thinking since this is an active directory domain, the new server would 
be updated with user accounts that way when we finish the SBS installation 
their account passwords would already be on the new box.......
 
Or are we in left feild?....
 
Thanks

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