If you want the current version, you're going to have to compile it. That involves finding an SVN client first, to download the files, then you'll need Visual C# 2008 Express Edition to actually compile it. I tried with just the .bat file, but it seems to be out of date.
If you don't want to download an SVN client, you can download the latest version in a TAR file here:
http://sgdk2.svn.sourceforge.net/viewvc/sgdk2/branches/SGDK2IDE2.1.tar.gz?view=tarBut then you'll need a way to unTAR the files, which I think WinZip can do.
If you want to go the SVN route, I suggest
TortoiseSVNThen you want to actually check out the SVN files, which
this url has instructions for. Note, you'll want to append "/branches/SGDK2IDE2.1" to the path ("svn co
https://sgdk2.svn.sourceforge.net/svnroot/sgdk2/branches/SGDKIDE2.1 sgdk2") to get the latest version
Once you have the files on your computer, you can try using the makesgdk2.bat file to compile, but it probably won't work. At the very least, you have to edit the file and replace "path %windir%;%windir%\System32;%windir%\Microsoft.NET\Framework\v1.1.4322" with "path %windir%;%windir%\System32;%windir%\Microsoft.NET\Framework\
v2.0.50727"
Then just double-click on the batch file. It will probably fail, however. There are other ways to compile the project, but the easiest, in my mind, is to just download Visual C# 2008 Express Edition, which you can get from here:
http://www.microsoft.com/express/download/ (You will want the green one)
Once you have that installed, just double-click on sgdk2.sln, which will open the file in C#. At this point, you can build the project by (I believe) pressing CTRL+SHIFT+B. This will create a directory called "bin" under the root sgdk2 directory. Go there. Under that you'll find another directory, either Debug or Release. Go into that, and you should find sgdk2ide.exe, which you can run.