On my side, same problems and Drobo said 3 times in a row that "Drobo Firmware is not in any way the problem" referring to an article somewhere on the internet...
What I see is that the firmware 1.2.0 makes my FS not working as expected for my Lions and Snow Leopard macs.
But the problem only occurs with Time Machine Shares.
With the normal shares it works fine. Even with AFP.
What I saw is that I'm not able to mount at all a TM share, from the Finder nor Drobo Dashboard (a thing you should never use anyway). But finally I discovered one thing : it's because there is a LOT of data in mac sparse bundle image file. So I made a new empty share, with TM activated, and it mounted in a second ! Amazing !
Actually I'm testing a thing : I named my TM share to same name_OLD, created a new share, with the name I wanted, then applied settings (all on the dashboard). Then I go to my drobo in the finder, open the TM share that is empty, and then go to TM preferences and select the new disk. This way it was doing the backup quite fast. But I wanted to try to reuse my previous one !
So I just select the disk, in TM preferences, then while it says I have 120 seconds before backup I went into a terminal window and connected to my drobo. I used the mv command like :
mv Shares/iTimeOLD/MyComputer.sparebundle Shares/iTime/
It took a nano second to move the file there.
Now my backup is mounting the share, and it took time but I know from the past the my big backup (1.5TB) needs a lot of time to be read the first time so I'll let it work some hours and see. But at least, my system works, my TM preferences aren't freezer, and my finder did not crashed... One small step for a man, one giant leap for mankind ...
UPDATE : After 10 minutes it's a step later... never gone so far since 1.2.0 is out. I cross my fingers 🙂