Cut functionality shortcut for folders and files I'm accustomed to ctrl+x, ctrl+v combination to move files and folders using only the keyboard. Can I get the same functionality on OS X Lion?
Yes, but it's a little different in Lion.

In both the move and the copy situation, you use ⌘ CommandC to put a file on the clipboard.

When pasting:


To copy the file to the new location, press ⌘ CommandV.

To move the file to the new location, press ⌥ Option⌘ CommandV.