I may be doing this. I agree that the Placenta Benefits website has good info, although the price of the kit is a bit high considering you can get the supplies for about $30 if you buy them on your own. There are a few good threads on this in the PPD forum. Avoiding PPD would be my main goal, although it certainly has other benefits. I *may* get the chance to dry a friend's for her before my due date, and I would not be drying my own - my brother has offered to do mine for me. I think trying to dry your own immediate pp would be too much work.
The basic recipe is to steam it, dehydrate it (either in a low oven or a dehydrator), grind it and encapsulate it. There are two schools of thought, however. Some people prefer to eat it raw and claim this has the most benefits. Traditional Chinese medicine dictates that it should be "warm", not "cool", and so it requires some cooking. I am planning on talking to my acupuncturist/herbalist about this as well, to get some more advice.
Steph, thanks for all of the links in the other thread - you had some that I hadn't found yet!
Lynn, single lesbian mama to All Mighty Iris 12/10/07