I have done a small amount of converting - if you can machine your own drivers for steam, the rest is dirt-easy. Electronic components have no idea whether they are fed from three rails or two.
But boy is this getting complex! I have the feeling that soon either the circuitry will be obsolete or it will start to fail, and we 2-railers will be getting locomotives for cheap.
Dead Rail ought not to be expensive. Radio Shack was selling model cars with full radio control of everything for thirty five bucks, including transmitter and batteries. One would think Lionel could do that with starter sets.
