As Julian had stated. You will want to upgrade to 10.2 MP3 for the latest fixes on Mac OSX Lion for new i5/i7 macbooks. But if the problem persists, it may be beneficial to try decrypting and re-enrcrypting using the PGP Desktop UI in Mac OSx. That will rebuild the BootGuard filesystem and reinstrument the drive as well.
Edit: January 15th - If you are unable to boot from your Mac still. I would try burning a recovery image here and using that to boot off of. DON'T DECRYPT with the recovery CD unless that is a last resort...
Be sure to use the correct recovery image for the version of PGP desktop that you had installed:
http://www.symantec.com/docs/TECH176187