I, too, am waiting- but, I'm fairly patient. It's been a little over 24 hours, for me. I do believe, when you initially sign up, it does tell you that it could be between 24-48 hours, or sommat.
Welcome to the waiting room.
I as well am waiting but my friends account has been activated so all is well. It simply takes time, sit back and enjoy the ride...after 5 days you may begin to truly complain...until then I will wait patiently.
The activation queue has been slow for several reasons, but should be fixxed in the next couple of days. Additionally, please use this section when requesting support for free hosting services in the future: http://x10hosting.com/forums/free-hosting/