punkrulz its more like
sync iphone -> start restore -> it will back everything up -> then it will restore -> done restoring -> restore from "whatever you named your iphone" -> it will restore your settings -> it finishes restoring -> sync your iphone to get all your stuff back -> enjoy your restored unjailbroken iphone
edit** if there is an update available for the iphone when you click restore, it will download the update in itunes and update the iphone as it restores it.
if you wish to restore without updating, let me know through a messege or email me @
runingbck31@aim.com and i will show you how to do it (i dont want to type instructions if you wind up not needing them)