In reply to Jeffrey Paul.

Thanks for the added detailed setup instructions! They're very detailed indeed.
Something that would be great if could be added, is instructions on filling out the Developer Account Application Form: the application form asks what the API intends to do: will it use the data outside of Twitter, will data be given to any government, and stuff like that. Although I kind of assumed that the answer to those question was negative and that's what I filled out, I'd feel more comfortable if explicit instructions on filling out those fields were provided too.