As of 12/28/2010, here’s how to create a Facebook Fan Page.
Step 1: login to your Facebook account.
Step 2: Click on the Home tab, find it in line with Profile and Account.
Step 3: On the left hand side column, click on the more link to extent it.
Step 4: Click on Ads and Pages link
Step 5: This takes you to the Pages panel and you create your Facebook Fan Page.