Alrighty, after hours of reading I finally decided to take the EE4 update and move forward with rooting. Here is my scenario.
1) Was on stock rooted ED1
2) build.prop was edited to ED2 so I stopped getting the annoying notification
3) I edited back to ED1, accepted and installed the EE4 update (It skipped right over the EE2 update)
4) Followed DroidxCon's steps EXACTLY as he wrote them on flashing with ODIN.
5) I flashed the latest and greatest version of CWM - At first ODIN said that it passed. I rebooted into recovery and it was still the Samsung recovery. I flashed CWM with ODIN again and got a couple fails, but eventually it went.
6) Dropped the Peanut Butter Jelly Time kernel and Gummy Charged ROM onto my SD card.
7) Booted into CWM.
8)Flashed PBJT kernel and enabled voodoo lagfix. Got the female robot voice, took about 3 - 5 minutes and all was well.
9) Booted in CWM again
10) Flashed Gummy Charged (Wiped data, etc before flashing)
11) Phone is working flawlessly.
12) Quadrant score went from 912 to 1652.
Now mind you, this is my FIRST TIME EVER messing with ODIN and CWM. I previously had an OG Droid, so I am at least familiar with the rooting/ROM/kernel flashing. Although I was using SPRecovery, not CWM. I even had a few beers last night while doing this. So if I can do it, any of you can do it.