Thanks alot. I'm sure I can figure this out if I take the time. Just 2 other questions, is it ok to update this coming from the 2.0.1 version, and is this the same thing that will be coming out/ worth doing this now ahead of time?
Each rom has its own set of instructions. I followed the steps in the 2nd link in my sig and came from 2.01 just fine with zero issues.
If you root and apply a rom it will not be the exact same thing as the update. You'll have options to run your cpu faster, will have some different colored icons and trays (themes) and will most likely have some additional apps like the helixlauncher (which you can get now for 2.01 stock phones in the market) and wifi-tethering (which won't run on stock phones and can't be gotten from the market).
You get to decide if it is worth it or not. Some think it is, and have rooted their phones. Many think it isn't and are waiting. I've rooted and haven't gone back so I don't have an unbiased opinion