"Many of the issues that I have seen raised are not bonafide. The expectation to have ancient software (i.e., older than three years) "
Well not quite... That's what hardware and software requirements are for. Did you know that the OS will not intall if these requirements are not met? If one meets the requirements and pays the $$ then one should expect things to work. Yes, every new OS has bugs (I've been on a Macs since the late 80's) and every once in a while you do get a lemon but Lion is expectionally buggy.
Here's some of things Lion brings to you:
1. Launch Pad because the dock is just not good enough. This is catering to the least common denominator which is the millions of mobile devices out there with small screens and where a Finder doens't make a lot of sense. The dock is plenty to good to find and launch apps.
2. App Windows State Persistance: so when you close your it will reopen with were it left off. This assumes, (actually forget that, the OS knows) that's what you need. That's dumb so from now on make sure you have the right windows open before you close. Yes you can turn it off, but it's on the lame side. Saving a few state variables for an open app is not feature -anyone could have done that in Win95 if they wanted to. Nothing real high tech here.
3. Autosave, becuasue you want to trust the OS to save things for you. Again, as in 2. the OS knows better than the user. Sort of like the autocomplete features in MS Word. Macs have always provided tools so the users can do what they want. With Lion the OS itself is getting more intrusive. Why get into system wide versioning when TimeMachine is still not 100%?
4 iCal, the Address book. Whatever happened to good UI design? On top of that make sure the system icons look all bland and shades of grey.
Bottom line, it's not the that it doesn't work for me. The fact is that Lion host a very underwhelming set of features to begin with. The most important feauture in any update are bug fixes and improved overall system performance (speed), where's that in Lion? Will it get better? Of course it will but this doesn't seem like an Apple product.
I'm one of the ones who stuck by Apple for a LONG time. Spent time in the 90's helping people out with OS 7,8 and 9 for FREE at a local CompUSA -remember them? So Lion seems way out of character. Apple's process broke down somewhere... Looks like the engineers went one way and the designers went the other and they both agreed to let each other off the hook -speculating of course.