Yeah, it's really easy to do. The above tools are all you need, plus a jack and jack stands. Most instructions will tell you to remove the front bumper, but that really isn't necessary. Just remove the front passenger-side wheel and take off the inner-fender liner, and that should give you all the space you need.

The AEM CAI was the first mod I ever did to any car, and it took me about 2.5-3 hours. I helped a buddy install it on his car a year later and it only took 1.5 hours with the experience of the first time under my belt.