Would there be any reason to use it over Lion's full disk encryption?
You could use your argument to state that someone paranoid enough to use encryption just shouldn't use a computer at all.
I suppose, then, a reason to use it over Lion's encryption would be to gain the boot loader and hidden OS feature.
Do you have anything to show that it's comparable to say, PGP's offering?
Great for shuffling stuff to your accountant actually! And heck of a lot faster and cheaper than FedEx.
So, no is the answer and thanks for graciously pointing my mistake out and allowing me to correct. Truecrypt really is a great transport for smallish disks on an untrusted network. Whole disks on Dropbox probably = insane.