I’ve been looking at ludum dare for a while since i started studying game development in school. This weekend it’s finally being held during a weekend I can participate in 
My setup is as follows:
Editor: Visual Studio 2010 express
Language: C#
Base code: XNA
Art: Paint.NET or GIMP, haven’t chosen yet, and I’ll probably use some sprite animator as well.
Audio/Music: No idea yet..
I hope the theme is interesting and can be interpreted in a lot of different ways. I have only finished two games before but none of them had this tight of a deadline. It’s going to be fun to see how this goes 😀