Advantages and disadvantages of software updating

Hello all
i just need to ask about software update
i already have IMAC at my office
the software version was 10.6.3 original which come with the machine
then i update the software to Mac os 10.7.3 by press on "About this mac"
now my friends tell me it may get block from apple company
and my software now is not original because i update the software to Lion 10.7.3
other friend tell me the software will not be compatible i don't know exactly how come because i know all mac version is the same *.dmg extension
is the machine will be slow ??
all i need now is your opinion as professionals about advantages and disadvantages to Update software to 10.7.3
please answer me as soon as possible because it's urgent for me

The only way you can upgrade from 10.6 (Snow Leopard) to 10.7 (Lion) is by Purchasing the Lion OS in the Mac App Store - is this what you did ?
If so then it's fine and you have the latest OS installed, the current update to that is 10.7.3
One key difference betwen those is that Rosetta and PowerPC applications are no longer supported and you might need to download/purchase software upgrades for the newer OS, Apple isn't going to 'block' you for doing any of this ...

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