Graphical issues with 2011 iMac and Lion
I have a 2011 27" iMac (core i7 and AMD Radeon HD 6970M 2GB) with 2 external displays, most of the graphical issues are present in the external displays but the menu bar, dock and volume popup all appeared distorted on the main display.
On the external display most apps look like this http://i.imgur.com/FQ0AJ.png
there are a few exceptions like steam, safari and itunes, these apps don't show any distortion apart from when being switched the the other displays though, almost all other apps apear disdorted (as shown in the image) on the external displays.
I never had these issues with Snow Leopard but as far as I can tell its some kind of graphics driver problem, don't know how this wasn't spotted in the beta..
More images:
iMac, Mac OS X (10.7)