I have been following this thread with great interest.
About 9 months ago, the power supply in my iMac G5 died, and I decided to have it replaced as the last repair I would do on that machine. In July, the hard disk crashed. I have a two year old Mac Mini used primarily with my home entertainment system that could replace it. But that would require more RAM and a larger HD.
So, without doing any of my usual "due diligence" I decided that a $600 Mac Mini was in order to get more RAM, a larger HD and OS X Lion thrown in as well. I was not aware of the Rosetta deletion...
I got the machine up and running, and updated the important software that I use: MS Office from the 2004 version, and NO-IP so that I can access my files (and screen share) from ANYWHERE. I tend to work portable on my 1G 13" MacBook Pro. I will probably not notice the speed hit compared to my old iMac G5.
However, my biggest problem was with Quicken. I continue to use Quicken 2002 as after that date their later versions were feature downgrades. Even if I upgrade to the last version of Quicken (2007), it needs Rosetta to work. Quicken Essentials, the intel-updated version, eliminated the ability to import QIF files, which is essential for me.
I will not belabor the long anti-Mac history that Intuit has exhibited since 1997, but I need to be able to access my Quicken file on my platforms, so downgrading to SL has much glamor for me. No, converting to Quicken for Windows is not a solution for me, even though I do have Parallels and Windows XP installed on the Mac Mini.
However, earlier in this thread there were two posts suggesting that Rosetta can run in Lion, and one even asked for Steve Jolly's response! I am also waiting for his response, as his summaries continue to suggest that Rosetta cannot be run in Lion.
Additionally, I am a bit concerned about iPhoto's in the new Mac Mini requirement to update my iPhoto files. I use iPhoto '09 on both platforms. I like to maintain 100% compatibility between the two platforms so that when one goes down, I can immediately start working on the other. If I upgrade to the new Lion iPhoto on the Mac Mini, these files will no longer be readable on iPhoto on my MBP unless I also upgrade it from SL; something I am unwilling to do at this time.
Luckily for me, I am in London waiting for the birth of my first grandchild (now two weeks overdue), and athough I can access the Mac Mini through file and screen sharing, I continue to work on my MBP for the near future. Hence, I can wait for others success stories in the interim.
Lastly, I have been an Apple consumer since my Apple //+ in 1979, and I, for one, say that their determination to keep hardware working with their updated software and operating systems have been unparalleled. I have kept older machines running well past their expected life span, especially if I had been using Windows. I do admit that I keep an Apple //c in its Prairie Pack with its LCD screen and battery pack for use if and when I ever need to reprogram my X-10 Powerstation CP210 controller (hahahahaha, but true!).
To those frustrated new Lion users, as I am one, I will just say that past experience indicates that the bugs will be worked out, Apple will address some of the differences and the user community will address other ones...