hi all!!!!!!
I'm about to begin loading FCOM and was wondering how you all would recommend starting this process, should i try to load all of these through OBMM ( i have windows 7 so i understand there are loading issues) or should i use something else besides OBMM.

also im trying to follow bade of mercy's guide but i see a few things that i dont understand, for instance, what is pyffi, how do i unpack all my oblivion meshes? thankyou

The information you require is on the first page of this forum: http://www.gamesas.com/index.php?/topic/1113274-relz-fcom-convergence-and-ufcom-65/

What Breton Paladin said. Also, as you need Wrye Bash for FCOM, I'd recommend using its BAIN for your installs generally, rather than OBMM. Gives you much more control over conflicts etc.

Most certainly that isn't a newbie friendly guide, nor is the installation of FCOM itself.
If your new to modded Oblivion I would strongly suggest starting with OOO and building on it from there.