Apple has released Apple Configurator 1.0, a new application for OS X Lion that can configure settings and apps on up to 30 iOS devices at a time. It can limit the functionality of iOS devices, such as turning off cameras or FaceTime chats. Configurator has much of the functionality and user interface of Apple's Profile Manager, which is part of Lion Server. Configurator does not require the server version of Lion.
The main difference is that Configurator requires the iPods, iPads, and iPod Touches to be connected to a Mac via USB. A USB hub can be used to connect multiple devices to a Mac. Configurator does not have Profile Manager's over-the-air ability to enroll devices or push changes to them wirelessly. Configurator does have some network features. For instance, it can communicate with an LDAP directory server to access user information to auto-fill some of the settings.
Apple has an article describing how to use Time Machine on a Mac to backup and restore Configurator data.