Windows 8 developer preview can be downloaded and then burnt on a DVD and installed. I prefer creating a bootable USB as it is faster to install from a USB drive and I don’t have to waste a DVD, this also saves money and is eco friendly. 
Windows 8: How to create a Windows 8 bootable install USB
Precautions:
1. Backup all the data in the USB drive as during this process all the data in USB drive will be erased.
Step 1:
Download the Windows 7 USB/DVD tool from here.
Step 2:
Install the application and run it and you should see the screen as mentioned below.
Step 3:
Now using the ‘Browse’ option point the application to the Windows 8 Developer preview ISO file and click the ‘Next’ button.
Step 4:
Choose the ‘USB Device’ option in this screen.
Step 5:
Make sure you choose the correct USB drive and then hit the ‘Begin copying’ button.
Step 6:
The Windows 7 USB/DVD tool will now format and start copying the contents your USB drive. This will take a couple of minutes based on the write speed of your USB drive.
Step 7:
After the copying is complete the application will notify you.
Note: To create a bootable USB drive of 64 bit Windows 8 you will need to run this tool from the computer that has 64 bit Windows running i.e. you can’t create a 64bit bootable Windows 8 USB from a 32 bit Windows.
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