My new Alfa AWUS050NH is equipped with v.2 of the Ralink 2870. The CD only contained drivers for Panther, Tiger and Leo. The Leo driver is not working in Snow Leo. The current driver 2.0.0.0 Ralink offers on their website contains a package for Snow Leo, but that one only appears to be for the 2870 v.1.
Anyway, I just got my Alfa AWUS050NH with the 2870 v.2 working in Snow Leo 10.6.1 by taking the Snow Leo RT2870USBWirelessDriver.kext from Ralink's installer from their website (2.0.0.0) and adding the info.plist from the Leo RT2870USBWirelessDriver.kext from the CD for the Alfa AWUS050NH v.2. You can download the modded kext at the bottom of
this posting.
Apply the kext with your favorite kext tool (in Snow Leo I use kext helper b7). You don't even necessarily have to restart; usually it is enough to just wait a minute until the kext is loaded and the diode flashes on the adapter. Then go into System Preferences/ Network and confirm the new network interface, then Apply.
I also confirm
aqua-mac's Airport-like app for Ralink 2870 working with v.2 once the kext is loaded.
For those who have probs with disconnects: if you are running on WPA-PSK, try to connect via AES instead TKIP, or vice versa. I have made good experiences with flipping the encryption mode.
Please give some feedback if this driver works for your Ralink 2870 v.2 in Snow Leo.