I just registered my dev account on the Android Market, and there is a message: Your registration on the Android Market is still being processed . I googled and read, and I read that this phase can take up to 3-4 days! It's true? How long did it take for you?
It took me a minute. But please ask such questions at Androidexexchange: https://android.stackexchange.com/
Within an hour, I think, usually it will not take much time.