Yea I did figure it out. You can actually put your windows media player playlists (.wpl files) on your SD card and it will import them into your media library (at least in 2.0).
The only problem with this method is that the music files on your phone must be stored in the same directory as specified in the playlist file. You can open the playlist file in notepad to look at it and make changes. Also if your music gets converted when it is synced to your phone make sure the file extension still matches the playlist's record.
If you are an iTunes user I think there is some program that you can get that works as a bridge between your phone and iTunes, but I do not know anything else about that.