I’m sorry but FoldingText 2.0 won’t support OS X 10.7.
It seemed like it wouldn’t be that hard. I thought the problem was only due to Sandboxing and so I have said a number of times that it would support 10.7. But that didn’t do the trick. I’ve spend a day+ trying to get 10.7 up and running in a virtual machine so I could debug the problem. But have been running into problem after problem and still don’t even have 10.7 running. Even if I did fix this particular problem I don’t feel like I have the resources to keep it running on 10.7.
FoldingText 2.0 won’t be supported on OS X 10.7. Instead I recommend using FoldingText 1.x for OS X 10.7. My focus needs to be on pushing FoldingText forward.