I'm working with propeller since about a year. I'm glad you discovered too.

First of all, you can find a lot of information on the parallax web site
www.parallax.com

there is an exclusive page for propeller

http://www.parallax.com/tabid/407/Default.aspx

On the propeller download page
http://www.parallax.com/ProductInfo/Microcontrollers/PropellerGeneralInform=
ation/PropellerMediaPage/tabid/832/Default.aspx

You can download the Propeller Tool Software for Windows,
and the Brad's Spin Tool, which runs in Linux an Mac.

There is also the propeller Manual where, in page 17 you can find the
-almost- minimal hardware connections.
http://www.parallax.com/Portals/0/Downloads/docs/prod/prop/PropellerHardwar=
eConnections.pdf

Theoretically, the propeller can work only with a serial connection
(to load the program to RAM) and power supply. Practically, its best
to run it with an eeprom, as Bob noted, and a FTDI chip for serial.

Regards


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