Following the release of OS X Lion 10.7.2, Apple has now released Lion Recovery Update 1.0, which includes improvements to Lion Recovery, as well as resolving an issue with Find My Mac while using a firmware password.
The update weights in at a hefty 452.5MB, and is available now through Software Update. Apple has also provided a KnowledgeBase article on the update, but the article had not yet gone live at the time of this writing.