Just thought I'd pipe up here and say two things:
1. Cool advice on downgrading a new Apple! I had also heard that this was "impossible". Good to know it's actually not. At least in some cases. Good replies here.
2. I've been using Lion since it came out. I've really given it a dedicated effort--I intended to stick with it and get used to it, "Natural" scrolling and all. And there are some things here and there that I think are better and which I appreciate. But, on the whole, I've come to dislike Lion and to long for SL. I miss many things from SL, such as the old address book, fractional volume control, not having to deal with the new way of handling documents, etc. And I have run into a number of problems and minor annoyances with Lion. Every time I start up Safari, I have to wait a stupid amount of time for it to be ready for me. And groups I change in address book don't register with Mail. It's crazy. I have to make an entirely new group with a NEW name. That works. But if I then delete the old group and rename the new group the same as the old group, no dice, it grabs some old version of the distribution list. And I could go on. So, I say, bye bye Lion. I'll wait until 10.8--if I can--to upgrade again.