I know there is a Mac version of DosBox, so I'm assuming it is possible to run the GOG version in that somehow, but I'm just wondering if anyone has worked out how to install the GOG Ultima VII on Mac Lion, given that GOG games come with their own installers. If anyone has managed to do this, I would be grateful for a step-by-step explanation of how they did it.

Use WINE to run the installer itself, then drag and drop the installed folders into Boxer to create the self-running DOSBox packages.

Or use WINE then use the Mac version of Exult.

WINE tutorial - http://davidbaumgold.com/tutorials/wine-mac/

Boxer - http://boxerapp.com/

Exult - http://exult.sourceforge.net/

If you decide to use Exult, make sure you get the 1.5.x snapshot; I don't think the 1.4.9rc1 version runs in Lion properly.