I have been looking into this for almost a year myself thinking about whether it is worth the effort. I did download the application, IIRC it was approximately 37 pages, with a 40+ page instruction booklet. This is indeed all stuff you can do yourself, but like many have said, biting the bullet for the attorny to file the Corp docs ($150?), assembling the charter/corp by laws/operating agreement etc is probably another $150 (mostly from templates on file, and utilizing a CPA to make sure it is done right (for the specific purpose) is probably important also.
My attorney and CPA BOTH suggested that I approach a "friendly" similar organization and either ask if we can be a "sub" organization of that one (with separate books for individual books & tax filings), or at the least gawk at their application, articles, etc., to get it right with minimal headaches, anxiety, etc.
Once the rascal is set up it should not be that hard to operate,
1. have occasional documentable meetings with minutes for record
2. keep books for which annual tax filings can be generated and from which audits can be easily conducted
3. DON'T co-mingle corp funds with personal funds (big no-no for integrity of the corp)
It looks and seems daunting to do this, but it does not seem like much more than running a small company once it is accomplished, and there is plenty of inexpensive software for doing that (Quicken, QuickBooks). I have heard it can take 7-12 months but once you file the corp papers, you can do business under the plan without a proble while waiting for approval (assuming approval comes).
Hope I have made this sound "easy". If I could make it sound a little "easier" I would do it myself, LOL. Sounds like the best bet for us "average Joe's" is to find someone with one already set up and, 1. hitch a ride, or, 2. at LEAST "cheat off their test" and use all of their successful info.