Simple fix for the Preview and TextEdit Crash after Lion OS X Update
After reading and looking all ovwer the internet for answer. I finally just started to decipher the crash report. The problem is a Permissions problem. All you have to do is:
1. Right click on the /Library and selct 'Get Info'
2. Unlock the pad lock in the lower right hand corner.
3. Click on the + symbol to add a user.
4. When prompt add the 'root user'.
5. Give the root user Read/Write privaledges.
6. Lock the pad lock and open Preview.
This worked for me and I hope it works for you to!
iMac, Mac OS X (10.7), 27" iMac, 2.7GHz Intel Core i5, 4GB