Great news! The SharePoint team has updated their blog with the latest update info as of the August Cumulative update. In addition they have started listing the correct patches needed as well as the order of patches, to get up to date from RTM (Fresh install) SharePoint all the way to the current updates.

You can find the article here: http://blogs.msdn.com/sharepoint/archive/2008/09/29/announcing-august-cumulative-update-for-office-sharepoint-server-2007-and-windows-sharepoint-services-3-0.aspx

This should help for anyone who is looking to get up to date. Looks like I don't have to update my post now :) Enjoy! And thanks to the product team for putting this out. This should help ease a lot of confusion.