The forecast is holding 20 to 25 kts. for Saturday, even improved a bit switching back to NE. With the wind starting on Friday, should have some waves on Saturday too, 7 to 10 ft. by current estimates. More wx info at:
http://fksa.org/showthread.php?t=6738
AJ mentioned stopping at Sebastian Inlet Bridge to watch and photograph the kiters as they blow past. Here's a video looking towards the ocean from the bridge. Looks even better in real life.
The view from the north jetty is pretty good too as you can see in the following clip. If you're lucky, you might even see someone on Fred Flintstone's surfboard.
For folks that can't make it but want to see some of the action as it happens, be sure to monitor images at the following link, I would guess from 11:30 am on. The inlet is about 40 miles down the coast from the start.
http://www.sebastianinletcam.com/
There are far better views on the site than the one shown above so be sure to monitor those as well.
Be sure to save some of the images and put them up here. Not everything shows up in the image archives. You can have a front row seat to part of the race from anywhere in the world!