PageMaker 7 fully supports import of PDF (it does it by conversion of PDF->EPS, FWIW), however if you are concerned about CMYK vs. RGB issues though would still exist. I would like to know why that's an issue though.
Acrobat 5 doesn't support color conversion or preflight. So no, you can't check or fix.
IF she insists of rasterizing through Photoshop, do NOT use JPEG! Remember that JPEG is ONLY for images and thus will cause "artifacting" on any text in the image. Instead, use TIFF - that will give you a MUCH better image and PM will happily import it.
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