SharePoint installation with non domain or local accounts is possible

Here is command -  New-SPConfigurationDatabase allows you to specify none domain credentials for the farm.

Read this for full details read this http://sharepoint.microsoft.com/blogs/fromthefield/Lists/Posts/Post.aspx?ID=112
They say this can be done in SP 2007 some other way, really?

Suggested practice from MS is here

Other Links to Install SharePoint

SharePoint 2010 – Installation & Deployment:    http://technet.microsoft.com/sharepoint/ee518643.aspx   
Planning a SQL Server Installation:        http://msdn.microsoft.com/en-us/library/bb500442.aspx
How to Install SQL Server 2008 R2:        http://msdn.microsoft.com/en-us/library/ms143219.aspx
Deploy a single server with SQL Server (SharePoint Server 2010)    http://technet.microsoft.com/en-ca/library/cc262243.aspx
Configure services (SharePoint Server 2010)    http://technet.microsoft.com/en-ca/library/ee794878.aspx
Installing SharePoint 2010 on Windows 2008 Server R2    http://mosshowto.blogspot.com/2009/11/installing-sharepoint-2010-windows-2008.html

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