As of Inventor 2008, when you open a file and save a file in Inventor the file will be migrated to the new version.
The file is not migrated if you do not save the file.
On demand migration requires you to open and save the file for it to be migrated to the new version regardless of whether make a change to the file.
Important to keep in mind:
Figure 1
Prompt to save for migration
Figure 2 - Prompt dialog
How to check migration status
Inventor can check file migration status via iProperties.
Figure 3
Step 2: In the iProperties tab, you can find the version information. In the Needs Migrating box, Yes indicates the file is not yet migrated.