Dropbox Now Lion Compatible
"Unless you have super-sekrit magic powers, haunt the Dropbox forums or are Steve Sande, you might not have noticed that Dropbox finally upgraded to a Lion-compatible build." 
All done on the sly, but you can update manually if you need to do so. Basically, download the installer for 1.1.40 here, then quit Dropbox and install. Relaunch and you are set.
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