And now for the final act...
THE SOLUTION...
Yes folks, after working with the crack team from Apple Care (James and Company) a solution to this issue was discovered.
For all the about issues, it comes to this.
Reboot System
Hold Command+R (Recovery Mode)
In Recover Mode, select Disk Utility (This insures that Macintosh HD is not mounted)
Run
Disk Repair (x2)
Disk Permission Repair (x2)
Restart
If still having issues
Command+R
Install in Place (Reinstall - This takes and replaces any files that may have been overwritten and rewrites them)
After installation, check if system is okay, If not
SMC (Shift+Option+Command+Power)
HW Reset (Command+Option+Power)
PRAM (Option+Command+P+R)
If still not functioning... Here is the FINAL Solution
Since this formula is to take out the grossest of errors on the OS side, Take a moment to create an alternate user with Admin permissions
Log in to this account
If everything is now functioning, the corruption is a hangover from SL and you will need to move all of your data (only the data) to the new account.
Beware of MobileMe.
Before starting the transistion to this account, turn MobileMe off - No Syncing, No iDisk, No Nothing! This will prevent MobileMe from rewriting the corrupt information into your new account.
Collect all of your data, serial numbers for 3rd party Apps, eMail and other items. This will take some time, but it is worth the ride.
Once this is all complete, your system will be rock solid stable.
Christopher Reynolds, ASQ CRE, PMP, BS IS