Nitrates were around 50+ and yesterday I did a major water change so that looks about correct. Only question is whether I should do one more major change first and get that down to ~12ppm.
When I set up my tank, the guy I got the live rock from gave me a bunch of snails, so I put them in at the same time... since the rock had almost no transport time, my tank was nearly cycled right away. My nitrates did spike a bit, however and the snails seemed to do fine.
I'm not saying it's the proper way to do it, but it seemed to work ok for me.