Thanks sandwich. I had been looking around trying to determine if I could do that. I know that when I got the phone, they had promised that I would be able to upgrade from 2.3 to 3.0 later on, so I should be able to do it (if not, I'll raise hell lol). I'm not really enthralled with the idea of re-installing all of my apps though (which I presume I would have to do), but being able to do things like getting noozxoide running on it, and getting usb audio out (so that I can try out my ele dac with my phone for fun) should make it worth my time. All I needed was someone like you to tell me that it could be done! Thanks.
If you are installing apps from the play store, they're automagically backed up. When you sign in again with a fresh install, it auto installs all those apps again. Unless you tell it not to but why would you want to do that??