Any question ?
AS
Yes, I do have questions. I just don't know what they are. Definitely not questioning what you told me to do. I will leave that to the other forum experts. 
But I do like to have an understanding of what I am doing....even if I don't understand completely. 
I have been reading/scanning some of the posts regarding MyLiveCD etc. And of course could never follow it. But I am looking for some instructions of what to do to prepare to make the iso. Surely there must be something that says, "Make sure you do this or that."
I have
already done all that for you: now I try to explain:
your '/' partition has no sufficient free space (or it's near to be insufficient) to build the live ISO there, so the command
was prepared to build your ISO in a different place, /home, where there is enough free space.
Additionally, depending on kernel version some type of compression can be used, some other not, --lzma is the correct compression for your running kernel (2.6.33.7-pclos6).
Finally, because ISO must be created from time to time (and you need to use some of that 50 DVD-R

) all mylivecd parameters
are saved in a single script, so that whenever you will want to do it again (may be next month or so...) you will simply need
to run the script from root user:
/root/my-iso.sh
As I understand it.....I am only going to make a copy of / ? Nothing in the /home or DATA partion will be on the iso?
Actually ALL your system, including /home will be included into the
ms_meme.iso image.
What if my / is not like I want it? (I have no idea how I want it! Just asking?)
'/' contain your system files, building an ISO without '/' mean to have an ISO that cannot boot!
Must be always included.
We made some changes when looking to lessen the burden on my RAM. I know many of them were related to KDE so probably won't be affected? But some were made.....maybe to the system?
Nothing is going to affect the normal operations, only some service has been disabled or some accessory program.
I have tested the ISO creation in my virtualbox that is actually a replica (from a configuration point of view) of your system, because every tweak that was suggested has been previously tested on my guest machine

I took a lot of care to not broke your system

I thought I read someplace about using Bleachbit first?
Of course, BleachBit is a cleaner, that help to remove unneeded files, however it's not critical in your case, right now.
Nothing prevent you to run BleachBit before to execute my-iso.sh script !

This iso will include all the Synaptice updates? That is to the / part?
Yes, it will be a copy of your current system, all included.
The only things not included are temp files (which you don't need) and some hardware configuration files, that however should be properly rebuild upon ISO restore. (like sound...)
Anyway, once you have created the ISO, you should be able to boot it and test how it will run.
What will this iso have besides my name of it..
that I wouldn't get my just downloading the new 2011? I guess my iso would have that old kernel?
All the updates, all the already applied tweaks, all your personal data, of course your current running kernel.
I sound like my kids asking questions when they were little.
And I would have to say, "Stop asking questions and do what I tell you to do!"

Let me add that the overall idea of a liveCD, is because if i.e. your HW should die, you can recover all your system and data.
Simply insert the remastered ISO in a different computer and you will have your current system/software/data.
I'm sure you forgot something else

BTW, Thank to Just18, always faster than me
