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I appreciate all the replies. I thought I had figured it out, but no — my problems persist. Some kind of screw up with the way the Finder sees my root (Macintosh HD) folder. I just cannot salvage it. I even went so far as to trash my system and users folders to see if a THIRD install would fix it. Yeah, I know.... reaching. I think it's time to just erase. I copied everything over to an external WD hard drive (1tb :D). Just out of curiosity, since I didn't format the drive and it's in FAT 32, I believe, will Time Machine back up to that drive or does TM need an Apple drive format (HFS+ extended blah blah blah)?
 
Install went very smoothly. First time I'd tried just doing an install - no custom settings or anything, just hit install.

Everything worked exactly as expected. A few apps didn't work - just needed updates (like 1Password), need to run Safari in 32bit mode for adblock to work but that's to be expected considering adblock is 32bit.

Have a Santa Rosa MacBook Pro - no 64bit kernel support but *who cares!*. The laptop only supports 4GB RAM and sees all 4GB of it, and 64bit apps still run.

All the animations (expose, stacks) are much smoother, and consistenly smooth as well.

All in all for $39 AUD I couldn't be happier with the update.
 
Reverted two of three machines back to Leopard. I'll wait until they squash the bugs and apps that I want/need are updated to support. SL left a bad taste after not having any issues with Leopard.
 
Very impressed so far (I've installed it on 3 machines w/ 2 to go). I picked up an average of 6GB of disk space on the machines I've completed. Programs seem to open much more quickly, and everything seems snappier. The support for MS Exchange is nice. I'm still checking out the other features. Not a lot of bells & whistles, but some pretty solid behind-the-scenes improvements.

I only have two programs that don't work on it at all. One is info.xhead, but I was already in the process of switching to 1Password - which has an iPhone version - so that's not a big deal for me. SmithMicro's Internet Clean-up is the other (I've pretty much lost faith in Smith-Micro: I've always found their stuff kind of clunky, so it's not surprising they weren't ready for SL). Quicken required me to download Rosetta to work.

Programs I use extensively, and with which I've had no problems include:

Photoshop CS4
PS Elements 6
Aperture
Logic Studio
MS Office 2007
the iWork suite
Final Cut Express
Safari 4.0
Diskwarrior
Techtool Pro
Accordance Bible
SuperDuper
the iLife suite
 
there is a home folder in leopard, but it's hidden. i have a screenshot attached of when i typed in the address, vs. when i open a new finder window.
 

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1) Went to Palo Alto Apple Store, bought 5-pack
2) Installed, waited 30 minutes
3) Reboot
4) Up and running

My only current issue is I'm waiting for Parallels to send me my activation for Parallels 4 as my 3 isn't supported in SL.
 
I did a fresh install and copied my files and apps from another mac using the migration assistant that appears in the first boot after installing SL.
after the files were copied and i finished setting up my mac i noticed a "home: folder on my Macintosh HD. i think this is the folder you mean but i don't understand what is the problem you are having, i just erased the folder and that was it.
 
My install went perfect, actually faster than I expected, and I have had no problems (other than incompatible apps, but that is expected).
 
Went perfectly. Not one hitch at all. Took about 40 minutes all together. Everything works. I've got it booting into 64-bit mode also.

Of course, this is on my 4 month old Unibody Macbook Pro. I don't think I'm going to attempt it on my old, original 24" iMac.
 
No problems at all this end, nice and smooth without any hitches!

My iMac certainly is running faster and smoother, no doubt about that!
 
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