Cubase 5 - Unable to open [Mac OS X Lion]


I was wondering if anyone can help me with this. I have just received a new Macbook Pro with Lion OS. I basically just installed Cubase 5 and VST Soundcollection Volume 1. However, whenever I try to open (I have updated to 5.5.3), it gives me an error says “You can’t open this application VSTBridgeApp because PowerPC applications are no longer supported”

I have looked up online and came across a few articles, but did not much help. What can I do to fix this problem?

Thanks in advance


What I found from Steinberg website:

PowerPC plug-ins are missing and can not be loaded or found, affecting e.g. Monologue, Embracer and Tonic
None. Apple does not provide the Rosetta component anymore, required to run PowerPC code on Intel-based Macintosh computers.
If you rely on specific PowerPC plug-ins, do not update to Mac OS X Lion (10.7) or consider using alternative plug-ins!

I didn’t have a choice as the OS came as it is. If getting rid of the plug-in is the only solution, how do I actually get rid of the plug-ins?