These guys are all right on this issue.
The Switch and Sensor from my knowledge (correct me if I'm wrong) are the same thing.
The switch/sensor/whatever you want to call it looks like the 3-pin one above. I purchased mine from Adavance Auto Parts online(I got the BWD brand part), with a coupon code I paid ~$55 shipped to my door.
Here's the part on RockAuto:
I JUST changed mine on Sunday (2/5/12), my dad and I removed my pass side wheel, removed the oil filter (was doing an oil change anyway, since we knew we wanted to change this part out), I was under the car he was in the wheel well. We were able to get the 24mm deep socket onto the sensor (after unplugging it) and get it out with ease. Put some teflon tape on the threads of the new one, tightened it up all the way, put my drain plug back in, new filter on, filled her up with some brand new Castrol GTX 5w-30 fully synthetic, and my baby purr's like a kitten with my gauge above 0 all the time and no more red oil pressure light on the dash!
It's pretty easy to do once you have the right tools and an extra hand never hurts, but if you're alone it's still an easy 20 minute job. Just bring a flashlight with you so you can be sure to see the sensor to get the socket on it, the pass. drive shaft is in your line of sight.