OSX 10.7.4 doesn't recognize boot disk

Question

My System:
Model Name:          MacBook Pro
  Model Identifier:          MacBookPro2,2
  Processor Name:          Intel Core 2 Duo
  Processor Speed:          2.33 GHz
  Number of Processors:          1
  Total Number of Cores:          2
  L2 Cache:          4 MB⊘
  Memory:          3 GB
  Bus Speed:          667 MHz
  Boot ROM Version:          MBP22.00A5.B07
  SMC Version (system):          1.12f5
My Problem:
When I update to OS X 10.7.4 from 10.7.3, the installation goes OK, but when it's time to reboot, all I get is the ⊘ symbol forever.  After doing some research on various forums and poking about with Disk Utility, it appears that 10.7.4 does not see my hard drive, or any usb port.  I've tried several different types of install, but at the end of the day, I have the same problem.  Have reverted to 10.7.3 and hope someone can come up with a solution.  My machine won't support Mountain Lion, so I would at least like to be running the ultimate Lion version.  I have replaced the original hard drive with a Seagate 500 gb / 7200 rpm one, and don't know if that could be a problem.  Here are the specs:
Intel ICH7-M AHCI:
  Vendor:          Intel
  Product:          ICH7-M AHCI
  Link Speed:          1.5 Gigabit
  Negotiated Link Speed:          1.5 Gigabit
  Description:          AHCI Version 1.10 Supported
STxxxxxx0AS:
  Capacity:          500.11 GB (500,107,862,016 bytes)
  Model:          ST9500420AS                            
  Revision:          0002SDM1
  Native Command Queuing:          Yes
  Queue Depth:          32
  Removable Media:          No
  Detachable Drive:          No
  BSD Name:          disk0
  Rotational Rate:          7200
  Medium Type:          Rotational
  Partition Map Type:          GPT (GUID Partition Table)
  S.M.A.R.T. status:          Verified
  Volumes:
disk0s1:
  Capacity:          209.7 MB (209,715,200 bytes)
  BSD Name:          disk0s1
  Content:          EFI
Macintosh HD:
  Capacity:          499.25 GB (499,248,103,424 bytes)
  Available:          262.56 GB (262,555,869,184 bytes)
  Writable:          Yes
  File System:          Journaled HFS+
  BSD Name:          disk0s2
  Mount Point:          /
  Content:          Apple_HFS
Recovery HD:
  Capacity:          650 MB (650,002,432 bytes)
  BSD Name:          disk0s3
  Content:          Apple_Boot
Any ideas??
<Edited By Host>

Answer 1

I had the same issue, none of my devices (3 iPhones and 4 iPads) would show in iTunes.
If you install iTunes and the new XCode together, you'll need to start XCode at which time you'll be prompted to install the "Device Support" software.  After I did that all my devices showed up fine in iTunes.