I expect RAM usage to lower in real world comparisons with Lion. I expect it to run ok on 512 and well on 1024 MB.
You mean to say that apple will actually shrink OSX's foot print to such an extent that it will run ok on a 512mb machine when it does that now only with 2gb?
I'd say that could happen if we had a good track record from apple with safari, and other of its apps, but that's clearly not the case. Plus each version of OSX was more bloated then the prior version.