We just bought our first contract at AKV last week. We have a March UY and had the option of either developer points or the $8 discount.
The developer points are basically "free" points equal to the amount of points you are buying. You get to use them immediately and they expire in 7 months. Like in our case, if you bought a 200pt contract (with a March UY) and also took the developer points you would essentially have 400pts to use immediately (200 developer points + 200 points from your 2007 allotment).
I think since they will now have some
DVC units available at AKV in July they don't have the developer point restriction anymore.