Adobe/Apple Conflicts
Whenever a new operating system comes out, it creates issues for preexisting software. Since I am a particularly big Phoptoshop user, I’m always most concerned about Adobe applications. Adobe has published a convenient list of known issues with OS X 10.7 which I find very useful - especially given the breakdown by application. You should note that this is a revised version of the list, as Adobe has redacted their earlier commentary regarding hardware acceleration of Flash. (BTW, you can ignote the commentary on this page - I believe more and more commenters on the web are incapable of writing.)
The only real issues here are actually driven by Apple’s hiding of the Library directory and forcing users to install JRE manually. Older versions of Adobe software will have greater problems, but it seems like most things should work if you are running versions 5 or 5.5 - with the exception of some certain features.
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I think Apple hid the Library folder to protect users from themselves. However, I don’t want to be protected from myself in this case. I don’t want to enable the viewing of hidden folders and files to install some plugin manually.