Photoshop 7 is categorically not compatible with Lion (or even with Snow Leopard). It simply won't run under 10.7.x, and that has nothing to do with activation or deactivation.
That is for sure the case with Photoshop 7.x. Now, as for CS2, it may or not work, but there are no guarantees.
After installing Lion X, Photoshop and Cs2 both had a a circle and slash accross the icon in my dock. I pulled them off the dock and when I try to open them I get this message "you can't open the application Cs2 because powerPc applications are no longer supported. So, I've been robbed of my Photoshop and bridge CS2. Help!
The reason for this error message is Resetta which is removed from the Mac LION ,
Look the link for details:- kb2.adobe.com/cps/905/cpsid_90508.html , look at the section;- Rosetta not supported
It would be better if you upgarde now , as you will get CS6 for free on purchase of CS5.5
I have looked at the link you have referenced, and it doesn't tell me what I can do to get around this issue. It seems you are saying that I might as well forget Photoshop 7 and CS2 and spend the money on CS5 or 6 which I don't want to do after spending on the other upgrades that wiped out Photoshop.
Then buy a second-hand Power Mac (PPC), such as G5 Power Mac, and run Tiger 10.4.1 or Leopard 10.5.8; then you can also run Photoshop 7 and CS2. Last summer I bought a superb used G5 Quad [* specs below] for very, very little money. Prices have fallen even further by now.
Make no mistake, what "wiped out Photoshop" was your moving to a newer Mac with an Intel CPU and installing Lion.
None of that is Adobe's fault.
* Specs: 2.5 GHz Power Mac (PPC) G5-Quad; 16GB RAM; mutant, flashed 550MHz nVidia GeForce 7800GTX 1,700MHz 512MB VRAM; ATTO ExpressPCI UL5D LP SCSI card; Mac OS X Tiger 10.4.11 and Leopard 10.5.8 boot drives.
Leehanvev you will be able to evaluate Photoshop CS6 for yourself this Monday. We should have the trials available when we release the product. Until then you can always try Photoshop Elements 10 so you will have something to compare against. You can locate Photoshop Elements 10 at http://www.adobe.com/cfusion/tdrc/index.cfm?product=photoshop_elements &loc=en_us.