FYI: Ron Teller from PrintSmith posted this on the EFI Forum:
Mac OS 10.7
Everyone, this is just a reminder that PrintSmith is currently not
compatible with Mac 10.7. They have dropped Rosetta which is required to
run the current version. We are working on a version that will be
compatible and hope to have it out by the 4th quarter.
We will let you know when it is available.
In other words, don’t try to install 8.1.14 on a brand new Mac running OS 10.7 because the Rossetta emulation mode is no longer there. The next version required an entire re-write so things should get interesting when it finally arrives.