All attempts I have made to share Address Book data between two user accounts on the same Mac have failed. The usual tricks that work for sharing other stuff like iPhoto, iTunes, iMovie projects (moving the data to a shared space, changing permissions, adding ACLs and symlinks) have failed for Address Book; it all results in the Address Book data being locked for everybody but one user.
Syncing through MobileMe seems to be the only way to get it to work.
Or do it manually. Export all your contacts to vCards, move them to ~/Public, log in to the other account(s), copy and import them.
PS to the other posters: Please don't append "I have a similar/opposite issue to the OP". It makes the thread confusing and takes attention away from the OP's issue. It's better to start your own thread.