Picture time - Froyo pictures a few posts down!
White bootloader screen.
If you see this it means it didn't find the right ZIP file.
First time seeing this pop up..
Waits here forEVER.
Just like new.
No Superuser app?! Did I do something wrong.
No problem! Didn't even ask for permissions.
Boot into Recovery.
Flashed new recovery.
New recovery up close.
Doing a Nandroid backup. A must!
That's what you end up with. Stock ROM, rooted.
Look a few posts down for Froyo update!