I don't have Snow Leopard to install. I did try booting in 32 bit mode by holding down the 3&2 keys at boot. Because I have some 64 bit kernel extensions installed to support some software, the result was a kernel panic and inability to boot into 32 bit mode.
As for the Sonnet information, I already had that and I have the updated card USB3M-E purchased directly from Macsales (aka OWC) last week. I downloaded the driver you refer to in your post and it simply does nothing. I suppose it is possible that the Hoodman USB 3.0 RAW Steel card reader is one of ones not compatible. Unfortunately, I don't have any other USB 3 devices to test. I did order a supported Lexar USB 3 reader as a backup for another computer.
I might have to install the Windows driver for my Windows 7 - 64 bit VM just to see if the issue is 64 bits or a faulty driver. I'm part of the Mac Developer Program and so I do get early access to certain OS updates. I've been running 10.7.3 for awhile, but when the release version came out, I did the Combo Upgrade to make certain everything was identical to the shipping version.
At this point, I guess I'm going to have to wait for my inquiry to Sonnet and to OWC to be answered, hopefully tomorrow. I did ask whether the card was supposed to support 64 bit OS. It seems to me that if it is Lion compatible that it should be 64 bit out of the box. I also asked whether the Hoodman reader was supported, since the FAQs list Transcend readers as NOT supported, I suppose it could be just reader incompatibility. However, when I look at About This Mac, it shows a USB 3.0 card in the PCI listing, but definitely lists NO driver. When I installed the LaCie driver, it definitely showed YES to driver, but unfortunately the system didn't like the combination.
Thanks for your assistance. It looks like I'm just going to have to wait.