I have a Mid-2007 Macbook w/ 10.7.1 installed. Did a full clean install of snow leopard then upgraded to lion through the app store (not a clean install for lion) I have installed Lion twice and I am still having wifi drop outs. It is definiatly a software issue.
My WiFi Card -
en1:
Card Type: AirPort Extreme (0x168C, 0x87)
Firmware Version: Atheros 5416: 2.1.14.9
MAC Address: 00:1c:b3:b4:24:c7
Locale: FCC
Country Code: US
Supported PHY Modes: 802.11 a/b/g/n
Supported Channels: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 36, 40, 44, 48, 52, 56, 60, 64, 149, 153, 157, 161, 165
Status: Connected
Current Network Information:
My Macbook information -
MacBook
13-inch Mid 2007
Processor 2 GHz Intel Core 2 Duo
Memory 2 GB 667 MHz DDR2 SDRAM
Graphics Intel GMA 950 64 MB
Software Mac OS X Lion 10.7.1 (11B26)