I've sold 2 BTC so far. MtGox says I have $59.58.

It's surprisingly painless.

I'm waiting about an hour to see how the market moves, before selling my other 3.

I'll let you know how much I have in the bank at the end of all this.

EDIT: I've sold all 5 bitcoins for a total of $150.21. MtGox transfers money using a service called Dwolla, which charges $0.25 per transaction.

This means I will walk with $149.96 after fees. Actual, US dollars. :)