Interesting. Both you and PeterBacani are showing cycle counts that are way below the expected lifespan of those units (1000 cycles in both cases, according to http://support.apple.com/kb/HT1519?viewlocale=en_US&locale=en_US), and both of you are showing battery capacity that's very nearly a factor of two lower than what I'd expect for those units.
It is possible that both your batteries are defective and just happened to fail prematurely, but it is also possible that there's a bug either in the OS or in the SMC firmware such that for some reason, the actual battery capacity is being grossly misreported.
Things to do:
1. Try an SMC reset. If that cures the problem, even temporarily, then it seems likely that the new OS is somehow tickling an SMC bug.
2. Try installing Lion on an external hard drive, do an SMC reset, then boot from the Lion drive and see if the problem persists. If the problem goes away, it's an OS bug.
If the problem persists even after an SMC reset while booted from a Lion drive, then you both got really unlucky, and your batteries just happened to fail prematurely at about the same time as you installed the new OS, in which case you would be wise to not play the lottery or go skydiving. 🙂