exposemacosmulti-touchtrackpad
I know it could be done by pressing F3 button while dragging an item but I really need the five-finger-gesture for that.
On Snow Leopard, I could drag an item with my thumb and then use the remaining four fingers to expose all the apps/windows to drop this item in any app/window in the current space or any other space.
Is there an equivalent in Lion?
This may be one of those things that is labeled as a "feature not a bug." It's possible that the swiping gestures that are the same as the gestures on Snow Leopard are considered "Legacy" gestures. If that's the case then it is possible that having it "backwards" Is the expected behavior. If it's a legacy gesture then it may be considered to ignore natural scrolling because that is a "new" feature. I'm not saying that's how it should work, if you ask me if you change the direction of scrolling, it should apply to all gestures, not just the scrolling ones. I've moved mine back to the two finger option for the moment. You should file it at http://www.apple.com/feedback to make sure that Apple knows how confusing this is.
To illustrate the point made in the comments, just drag the icon (or the inlined image) from the mail body to wherever you want:
Best Answer
I don't know when this has been re-enabled, but in OS X Lion 10.7.4 I am able to do the following:
So, this is basically the same as you used to do.