SpeechControl Hotfix for Mac
When Dragon® for Mac v5 was first released, there was a compatibility issue between Philips® SpeechControl for Mac® and Dragon that disabled the SpeechMike buttons for use in that application. The previous workaround was to use keyboard mode to perform limited functions.
Philips has now released a hotfix for Dragon for Mac v5 that will re-enable SpeechControl and allow full button functionality for the SpeechMike Premium.
Update
Philips has rolled this functionality into newer releases. Be sure to visit their website to download the latest version of SpeechControl for Mac.