Since a bunch of people have already contracted it and survived, they likely have already developed immunity to it now through exposure, as perhaps have those around them who were exposed but did not get sick with it. So, already, we've reduced the likelihood that everyone would contract it at once and die from it.

It's probably best to stop getting health information from the popular news media.
Currently, WORLDWIDE, there have been only 70,893 confirmed cases since this strain was identified. Of those, only 311 have died.
http://sharing.govdelivery.com/bulletins/GD/USHHS-7D0C0
Compare that to the seasonal flu that shows up every year:
Worldwide, the annual death toll from the flu is estimated to be between 250,000 and 500,000.
http://www.cnn.com/2009/HEALTH/04/28/regular.flu/index.html
So, this current strain of swine flu has not even infected as many people as die from other strains of flu during the normal flu season.
The ONLY thing really significant about this flu is that it is occurring outside the normal flu season, so you can't just totally let your guard down about flu prevention over the summer. But, you probably shouldn't do that anyway, since other illnesses can still be spread year around.
The best way to prevent ANY disease spread is through simple practice of good hygiene. Wash your hands before you eat and after using the restroom. If you're sneezing, cover your mouth and nose with a tissue and dispose of the tissue right away (don't carry around used tissues!) and then wash your hands again. Avoid rubbing your eyes or putting your hands/fingers in your mouth (break the nailbiting habit) and don't pick your nose, since this is the easiest way to introduce bacteria and virii into your body. Don't share cups and utensils with other people. You know, all the basic things they start teaching you in kindergarten.
I would actually caution against OVER washing your hands, though. If you do wash your hands often, use a mild soap. Washing your hands to the point they become dry and chapped only leaves your skin open for other infections, so balance hygiene needs with plain old common sense.