I have the white plastic iMac 24" which was working beautifully on SL until I updated Safari to 5.x and started seeing a few problems. Then I upgraded to Lion and it down hill from there.
Freezes and other random events. It continues to deteriorate. I have started getting kernal panics. Today one finder window turned into a patchwork of random patterns while another looked like each letter had been redacted.
I went to do something to a Thunderbird email and the window vanished. I clicked around and piece by part it started to reappear. Then all the tabs from Safari vanished. Later Safari crashed and I was not even looking at anything - and it continued to crash over and over. I started deleting plists, history, caches, etc, piece by piece until it finally came back to life.
I can watch videos fairly well with Safari or quicktime, but when I use Firefox, things go crazy. I have deleted everything related to Firefox and reloaded it and it is no better.
I would like to go back to SL, but do not want to lose all my emails. (I have read that it can be done, but not easily)
I thought I would buy a new 27" iMac and surely that would work - but then I read this very long thread.
I contacted Apple and asked if I could get a new iMac with SL instead. They said no, but maybe with a refurb.
So I stuggle along with my old iMac hoping someday my fix will come.
Maybe Jobs took the secret of good, solid software with him.
Does anyone have a newer 27" iMac that works flawlessly on Lion?