Yes it has, yes I am, and really?!?
One fix installations stuck at ‘Preparing…’
Since moving to Snow Leopard, I’ve noticed an innumerable number of times where software installations would get stalled at the “Preparing…” stage. If you’ve noticed it too, chances are you’re an iPhone developer, too…It turns out the simple fix for this problem is to quit the iPhone Simulator, and then try the installation again.