An explanation:
http://www.sustworks.com/pa_guide/compatibleModems.html
Apple USB Modem
[16-Jun-2011 - The Apple USB Modem is no longer supported on newer Macs running Mac OS X Lion because the modem driver is a 32-bit kernel extension and Lion boots with a 64-bit kernel by default. MacBooks and older 32-bit CPUs (prior to the Core 2 Duo) still run a 32-bit kernel.]
This is a controllerless or software modem based on the Motorola SM56 design. The advantages of a software modem are low cost, low power consumption, and compact design. The disadvantage is that modem processing is offloaded to a specialized driver that runs on the host computer. In this case, Apple has customized Motorola's driver to produce a generally solid product. At the time of this writing, Apple has discontinued the Apple USB Modem (MA034Z/A) but they are still available from Amazon for around US$50.