Finally made the upgrade to Lion on my work laptop. Missing Front row a bit, the reverse scroll thing I’m getting on with and not sure what happened to spaces but losing the colour in TotalTerminal (http://totalterminal.binaryage.com/) is something I can’t deal with. For the themes like Homebrew etc it’s an easy fix, open preferences and go to Settings > Advanced > Declare terminal as: and change the value to xterm-color.
Alternatively download the much nicer IR_Black colour scheme and follow the instructions to install.
If the colour listings don’t work when using ls add an alias to your .bash_profile;
To reload your profile after the update;