It looks like one path would be to install an older version of Blender just for the purpose of importing, according to this:
http://blenderunderground.com/forums/viewtopic.php?f=2&t=5171
(and then saving in
native format and reloading it in a new version to continue work)
... But again I'm just echoing Google since I haven't tried any of this myself (it's just that IT is my home turf and I like to try and help if possible).
What bugs me is that I don't seem to be able to find any mention of this after the year 2011, suggesting that either people have given up on this problem entirely or the solution has become trivial and obvious. From the little I've seen so far neither seems very likely.
UPDATE: using Blender 2.66a I was able to open this Sketchup model:
http://sketchup.google.com/3dwarehouse/details?mid=6adbb97cb78b2b8e153050c10dfa4b4d&ct=hppm using the technique of downloading it (as Google Earth 4 kmz), extracting it as if it were a ZIP file and then loading the model.dae (in the models folder that appeared during extraction) with File / Import / dae (default).