Just got my MBP with Lion installed on it already. Some of you may know you can't install FCS2 on Lion... I want to purchase Premiere CS5.5 and get the 50% off, but need to make sure that it will install..... I'm sure it will, but don't want to be out of luck. Thanks for any help.
As Joe points out, there are a couple of issues (most notably with eyedroppers and text overlyas of a couple sorts), but in general Premiere Pro CS5.5 works on Lion.
See this page for information about the CS5.5 (5.5.1) update as it relates to Lion.