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I'll be getting my new Sauconys about 3-4 months before my first race... enough time to break them in.
Running shoes do not need to get broken in. They should be comfortable and wearable right out of the box. If they're not, they're not right for you.
You don't want your first run in a pair of shoes to be a race because there's the possibility of some random seam or part rubbing in a way that your previous pair of exactly the same shoes didn't, and if the shoe model has been updated (say, Saucony Grid Whoosis for 2008 replaced with Saucony Grid Whoosis for 2009), it's very possible that the updates don't work for you and a race isn't where you want to find that out.