How many computers can i install lion on?

just wanted to know, is there a limit on downloads of the new system?

You can have up to 5 devices ( that includes PCs ) authorized with an iTunes account
Lion can be installed on any Mac authorized on an iTunes account that purchases Lion
Therefore, if you have 5 Macs & all are associated with the same iTunes account, you can install Lion on all 5 for 1 Lion purchase.  That means that all the Mac share the same iTunes media, purchases, etc, since they are all on the same iTunes ID
There doesn't appear to be any limits to how many times Lion can be reinstalled ( downloaded ) onto the same computer.  Since the OS is now licensed to the iTunes account ID, changing the internal hardware, ie hard drive, etc, won't affect licensing, unlike windows vista
Cheers !

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