Just got the components from Sparkfun now, and started experimenting, initially with the Arduino and the IMU. I was impressed by how easy it was to get started with the development environment. I hooked up the IMU's XACCEL output to the A0 input of the Arduino Pro Mini and basically just adapted to AnalogInOutSerial example to output the raw accelerometer value, together with two averaging functions. These were dumped to a file and I fed them into gnuplot to get a hint of how a low-pass filter would perform. This is how it looks:
Red line is the unfiltered input from the accelerometer. Green is filtered using a weighted average algorithm. So is the blue line, but it takes very little of the the fresh input into consideration.