This page has instructions on freezing whole, parts, raw, and just the meat
http://www.lobster.um.maine.edu/medi...0at%20Home.pdf
I've frozen just the meat and used it for dips and as an ingredient in other things later, and we've frozen the cooked broken up lobster (claws and tails) for making sauce. I've never tried eating a frozen lobster, but in our area, the price swing isn't that much to make it worth it. Yes they are great when they are $3.00 or $4.99, but the normal price is $6.99 every two or three weeks the rest of the year, it's not worth freezing them to save a couple bucks, it's just better getting them fresh.
This lobster dip is wonderful though and a great use for the frozen (or fresh) meat
http://www.fromaway.com/cooking/clas...ne-lobster-dip