Thanks Wug! Can't wait to try this out at home tonight. I have been looking for an ideal way to root that didn't require me to use ADB and this seems like the best way!
I'm guessing I need to go find a file to flash CWM recovery though? And if I flash recovery through the tool, it sticks?
Wish I had a PC that would let me install software to it...I'd do this right now on my lunch hour.
EDIT: Nevermind got additional info from this youtube video from DroidModderX