I ordered our Blurb book tonight. They said to expect it to ship in 5-6 business days. We ordered the book with premium paper, printed cover, and 112 total pages for about 65% of the cost of the iPhoto book (68 pages, no paper options, no printed cover option, only a slip jacket).
So, all said and done, if the quality is comparable on both books, Blurb looks like the much better deal. I've got high hopes for Apple quality though.
Tomorrow night its back to photography and on to Cindy Lou and Rob's Wedding.