Wirelessly posted (iPhone: Mozilla/5.0 (iPhone; U; CPU iPhone OS 4_3_2 like Mac OS X; en-us) AppleWebKit/533.17.9 (KHTML, like Gecko) Version/5.0.2 Mobile/8H7 Safari/6533.18.5)
You're right. I ended up buying Screens (whose iTunes app store page has a screaming headline touting it's Lion compatibility, so I must not be the only lost soul).
Turns out I really like it's multi-touch gestures and it was worth the $20, so alls well that ends well.