this explains some of it
hxxp://www.droidforums.net/forum/droid-hacks/8906-complete-how-root-busybox-flash-recovery-framework-res-apk-custom-boot-ani.html
rooting your phone by itself wont make it faster or slower..a custom rom that can be overclocked will improve speed.....i am a newb to this and went through a few roms and finally took the plunge to 2.1 and wont look back
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