Cubase 5 hanging after clean install - Please help

I am having 2 issues after re-installing Cubase 5 (and all updates) onto my Macbook Pro 13 inch Duo after installing Lion

I click on Cubase (for the first time since install)

1- Locate waves plug-ins folder (I go to the location and it keeps repeating the command.

If I press cancel it continues install until problem number 2:

2- Vst bridge app is a power PC app and is no longer supported

If I click OK it continues to install one more VST plug-in and then hangs until force quit.

Suffice to say that I have not managed to run Cubase yet.

Model Name: MacBook Pro
Model Identifier: MacBookPro8,1
Processor Name: Intel Core i5
Processor Speed: 2.3 GHz
Number of Processors: 1
Total Number of Cores: 2
L2 Cache (per Core): 256 KB
L3 Cache: 3 MB
Memory: 4 GB
Boot ROM Version: MBP81.0047.B1E

Solution found -