Developers: are you ready to upgrade your new Snow Leopard install to Xcode 3.2? The Xcode installer package appears in your Snow Leopard disc's Optional Installs folder. Double-click the mpkg file to open the installer and begin the installation process.
Xcode 3.2 offers a number of really great new features, several of which will be highlighted in upcoming daily tips. Standouts include the new built-in static code analysis, the two new LLVM compiler front ends (GCC 4.2 and Clang), and the new Build Results window.
Until you install, you may run into problems using the standard C compiler from the command line. (It threw errors about not finding <stdio.h>, etc.) This despite the fact that I had already re-installed the iPhone SDK.
Once I upgraded to the new Xcode, and rebooted, the command line cc started working again. The reboot step seemed necessary because cc didn't work until I did so. There might have been a less extreme alternative I'm not aware of to use instead. (If you know of one, please let me know in the comments!)
You'll need to re-install your iPhone SDK packages as well. Make sure you download the SDK versions that were built specifically for Snow Leopard. The iPhone Dev Center provides both Leopard and Snow Leopard SDKs for each of its standard and beta distributions. Install these packages after upgrading to Xcode 3.2. I did not and ran into trouble with project creation (as well as the already mentioned command line cc) until I finally got the install order corrected.
Update: Remember, the iPhone SDK packages do not include Xcode 3.2, so just downloading the iPhone SDK for Snow Leopard will not upgrade Xcode.
Thanks go to hatfinch for his help.