P: brush cursors not working on 2011 Mac/MacBook Air (OS X 10.7.x Lion)

A small update. On one of the posts I read that disabling Open GL drawing in Photoshop CS5 preferences would solve the problem. Of course one loses a host of other maybe not essential Open GL features, but I got my brushes back sort of. They mostly work, especially the essential spotting tool { j } however the stamp or clone tool brush still doesn't work, and the cursor disappears and the effect, as has often been noted in this thread appears below and to the right of where one clicks on the screen... Also, using a second monitor with my MacBookAir did not help the problem.
Good luck to all of us on this one. I can't imagine how to make Apple take this more seriously but it is really serious.
Cheers Lito

Thank you. Unbelievable!

Same cause, and same reply: we're all waiting for Apple to fix it.

Same Problem on my brand new Mac Mini Server Mid 2011 with Lion preinstalled.

Same problem with Photoshop Lightroom 3.4 Brushes

Read Dave and Chris's comments. It's an Operating System/Video Driver bug. It affects many applications that take advantage of the graphics card and OS drivers.

This bug also appears in After Effects CS5 when using for example Brush Tool (of sizes bigger than 200px)

Found something Interesting:

Workaround for Photoshop

In Photoshop CS5 the bug seems to vanish if the Brush Cursor is set to "Normal" or "Precise". This is pain in the **** to use but at least it's in the right place.

Also when trying to show this bug to a friend through Skype's screen sharing he could see the cursor in the right place when I saw a regular black arrow in the wrong place. Weir, but maybe it'll help to pinpoint the bug.

With CS5 turning off the OpenGL in setting doen't change a thing (at least on my Mac MINI Server).

Is it fixed in the 10.7.3 beta?

Yes, we're all waiting for Apple to fix this one.