We can't wait for Lion, nor expect everyone to use Lion.
But nothing has changed. The presence of Xcode 4 does not invalidate people's existing copies of Xcode 3 already installed or that exist on their OSX DVD. Further, the version of gcc is the same.
If this whole episode is what finally gives people the motivation to have an easier-to-install binary of gcc, then great. But the actual need is the same today as it was last week.