Just an update,

Ran VDJ 7.0.4 with video for about 4 hours so far, no performance changes positive or negative over snow leopard. Not one hiccup. I also had open a few other things Windows 2008 Server running on parallels, MyDMX running on the Win 2K8 VM. Firefox, iPhoto, and i Movie. VDJ ran like a champ.

The VMS4 also ran great, with no issues caused due to Lion (Lion doesn't fix anything, neither does it break anything).

Mac specs.
15" 2011 MBP
i7 Quad 2.0
8GB Ram
1TB HDD
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