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From early reports, if you are not surfing the web as an administrator the malware cannot install itself without prompting for the administrator password, which should help slow down the spread. Sadly OS X's default account is the administrator account, so it's rather common for users to be surfing the web as the administrator.
"Unlike the previous variants of this fake antivirus, no administrator’s password is required to install this program. Since any user can install software in the Applications folder, a password is not needed. This package installs an application – the downloader – named avRunner, which then launches automatically. At the same time, the installation package deletes itself from the user’s Mac, so no traces of the original installer are left behind."Lets be clear however that savvy users saw this coming and it was really only a matter of time before the popularity of OS X became a problem. Now that it's worthwhile to go after OS X users, expect it to happen, and take every precaution you can. Hopefully Apple's next update won't take too long.