I actually goofed - the size of the table is closer to 2GB.
It never finished (waited 6 hours). So, we renamed the table instead, created a new table of the original name, changed the engine to innodb, and then ran an "insert into table select * from original_table" which took long but we could get a pulse on where we stood on things.
I'm sure that wasn't the best idea - but any thoughts?