Yes, a new Lion compatible installer has been posted on the Free Updates page, as of November 30, 2011:
http://www.strata.com/support/free_updates/
The Strata Enfold 3D 1.0.571_i3 for Mac adds compatibility with Mac OS 10.7.x (Lion.) It includes compatibility with Illustrator 5.1, which is part of the Adobe CS 5.5 Creative Suite.