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It doesn't look like it's actually available yet.

The developer page (http://developer.apple.com/iphone/) where the "Get Started" link takes you is still showing everything for the 3.1 SDK.

I'm downloading it for about an hour now.

just downloaded it, you need snow leopard :(. looks like i'll be making a trip to the store

Unless you have a PPC Mac, you could just download the Snow Leopard dmg without leaving the house :)

I saw it coming and upgraded ahead of time. :-)