Is fine volume adjustment possible in OS X Lion?
Is there a way to re-enable the fine volume control using
shift + option + volume
It has been removed in Lion, but I use it often.
Maybe there is a
globals pref that works?
Yes, you can do some modifications & scripting to get the effect.
See instructions here: http://www.reddit.com/r/apple/comments/jrgxx/how_to_quarter_step_volume_adjustment_in_lion/