There are now dozens of similar reports with new Apple hardware and OS. Adobe is trying to figure out what's going on and will hopefully have a fix for CS6 soon, but the odds that it will apply to CS3 are pretty slim unless the changes are don on Apple's end.
My old Macbook Air has OS X 10.7.3 while the new one has 10.7.4. Is there really that much difference in this minor update? See http://support.apple.com/kb/DL1524?viewlocale=en_US&locale=en_US
I looked for reports of any problems like mine and couldn't find them.
- power off mac and turn back on while holding down Command + R (dont do it on an external keyboard just to be safe)
- choose the re-install Lion option (I'm sure there is another way to re-install Lion, this is just the way I did it, not saying its the best or only method)
- DO NOT INSTALL MACBOOK (Mid 2012) Software Update 1.0 - THIS SCREWS ADOBE UP!
I'll try that. My DSL isn't real fast; it could take hours to reinstall Lion that way. But I'll see when I can do it. Thanks.