oh, and i ilke usuing smart guides, but they can be a major pain in the ass at times too. is there a way i can have it enabled so i know i'm clicking on an endpoint in my path but then like hitting a key to temporarily disable them so they are out of my way as i'm trying to position the next point?
Since CS2, you can just cheat. LIVE TRACE BABY!!!!!!!
But yeh, its not perfect.
And tracing in illustrator does take a long time if the image is complex, thats just the way it is. As soon as you master the way bezier curves and paths operate though, you'll learn to do it faster.
I did this in illustrator, and even though its only one colour, it still took a few hours. If you can't be bothered doing it all at once, then just do it in stages. Take a break between sections.