The File & Settings transfer wizard will work from Win9x .. (sorry I don't know about 3.11

The TARGET (new machine) must be XP or Vista, but the older SOURCE machine can be 9x/ME ... and I agree, it is a VERY GOOD place to start.
Just install all the applications on the NEW PC first as it is, like it says, a FILE and SETTINGS transfer tool; and it can't xfer the settings for MS Office (for example) if Office is not installed on the new machine...