A few weeks back I posted a question on which RTV to use for my rear differential cover. I finally got around to changing it out and took a few pictures of the process. I did the change on my 04 Silverado at 93K miles. I previously siphoned the fluid out and replaced at 30K and 50K, but for this change I wanted to clean the magnet and see the condition of the differential in general. I used Amsoil Severe Gear 75W-90.
Pic before I started

The cover bolts are 13mm and I removed the bottom 3 bolts and loosened the rest in order to let the fluid drain before removing the cover.

Picture of the inside of the cover/magnet once removed

Inside of the differential after removal. From what I could tell, everything looks good. No chipped teeth or anything like that.

The bulk of my time was spent cleaning off the old gasket material in order to make sure I had a good surface to apply the RTV too. I used a rag soaked in Brake Cleaner to clean out the inside of the cover and magnet. I used a utility blade to scrape the remaining gasket material. (I also had to clean the surface on the differential as well, but I didn't get a picture of the cleaned surface) Here is the cover once cleaned:

I then applied the RTV Sealant on the cover. I used Permatex Ultra Grey.

I then replaced the cover and put all of the bolts back in and tightened in a crosswise pattern. I was also changing the front differential fluid and transfer case fluid, so I did that while the RTV was setting up. About 45 minutes later, I filled the rear differential with the proper amount of fluid. I have an allen wrench marked with a line so that I know when it's at the proper level.

Once I had it filled to the proper level I checked for leaks. I then took it up the block to an empty parking lot to do some slow figure 8's to make sure the fluid got out to the axle as suggested by theoilman. When I returned I pulled the plug out to double check the fluid level.
All in all it's not a difficult job. It took me about 2 hours to complete, but most of that time was spent cleaning the old gasket material off of the cover. I'll be keeping an eye on it to see if I have any leaks in the coming days as this is my first experience using the RTV material.