First of all, I managed to downgrade to 1.50 so w00t! Thanks to the author and other development guys!
I downloaded the zipped file from Dark Alex's site. However, I found out there were two older folders (oeupdmaker and oeupdmaker%) in addition to the two mentioned 310e_a and 310e_a. From what I can understand from the readme file, I am supposed to create some files unique to my PSP. How do I actually go about doing so? The readme mentioned this simply as 'Installation as usual'. This is my first time...so...what is the 'usual' procedure?
Can anyone give me the precise instructions or link me to a guide (preferably idiot-proof like this one

)? That'll be much appreciated.
I would also like to know the following
- Once I've installed 3.10 OE-A, can I play downloaded ISOs and PSX games?
- Will my PSP brick while installing 3.10 OE-A?
By the way, I am using a TA-082 which was originally in 2.60. I then upraded it to 2.71 before downgrading to 1.50