How do I set up iCloud in Lion for a family sharing 1 Apple ID?

There are three people in our family.  Mom...Dad...Daughter.  Up till now, we have used 1 Apple ID and password for iTunes Store and Mac App Store purchases.  We used MY e-mail address for the Apple ID.  I installed Lion 7.2 on my daughter's MBP yesterday.  (My wife and I are still using 10.6.8) When it came to setting up iCloud on her MBP I thought I needed to use the previously mentioned Apple ID and password.  Much to my surprise, when I finished I noticed her Safari bookmarks had become MY bookmarks and her Address Book had become populated with all the entries in MY Address Book!  Her login picture also changed from a nice picture of her to a picture of her bald dad!!!  Who knows what other surprises are in store for us.  We just bought 3 iPhone 4S's and I am reluctant to set them up for fear of finding all 3 with my Address Book entries, Safari Bookmarks, etc. if I use this single Apple ID again.  BUT, I do want to continue using our current Apple ID and password for family iTunes Store and Mac App Store purchases (music, apps, books, etc.).  Is there a solution to this?  What do I do?

I apologize for semi-hijacking the topic of this thread from "Multiple iCould IDs with single AppleID. Possible?" 
Perhaps my reasoning for doing this was flawed, but here it is.  That thread was started back in June when the real details of iCloud were somewhat conjecture.  It is now about 14 pages long.  There are some recent posts to the thread, but for the life of me I can't tease a solution to my question above out of them.  I just may not be reading carefully enough.  If so, I apologize.
What I am looking for is more of a STEP BY STEP guide to setting up iOS 5 and OS 10.7.2 for a family in my situation with my needs.  I think I do represent a fair segment of users.
If the monitors of this forum think my thread should be tack on to the end of the above mentioned forum...by all means do so.
Honestly, If Steve were alive today I think he would not be happy with this situation faced by Apple customers.  Steve always said his guiding mantra for his products was..."It just works."  I honestly believe he meant that.  But, with regard to this iCould business...for normal pedestrian users like myself,  I would have to say, "It just doesn't work."

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