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One of the new fea­tures of Mac OS X Lion is Lion Recov­ery - Carlos Dagorret Notes
Which includes all the tools you need to rein­stall, restore or repair your Lion instal­la­tion on your Mac. Check this page: Apple’s sup­port page for Lion Recovery One item of note is how to rein­stall your iLife appli­ca­tions after a restore of Lion. You can just down­load them from the Mac App Store if Lion …