This looks like just what I need, but I can't figure out how to install it?!?
First off, I don't think you should install an ancient version of RasPlex.
You'd miss several new Plex features when using such an old version.
It's better to use a more current RasPlex version instead.
As for how to install it, you don't. At least not directly.
What you do install, once only, is BerryBoot, which is a generic multiple OS bootloader.
It uses special OS images in the squashfs format to install multiple OS on a single SD card or USB drive.
Once you have installed BerryBoot on the SD card you boot it up, and in its first run you'll have to configure where it is to install the OS images. If you choose SD then the OS images will be installed to other partitions of the same SD card. But if you choose USB then the OS images will be installed to an external USB drive which must be connected for formatting, and which will then be required in all future use of this BerryBoot system.
NB: If you install OS images on USB the SD card will never have anything added, so a very small card will then suffice.
(But it should still have decent Class 10 speed, since you boot some kernel parts from it every time.)
By default BerryBoot offers installation of some OS images from online sources, but by long-click on the menu entry for loading OS you get an extra menu entry for side-loading OS images from a USB drive instead. For this reason you will need to have a USB mouse connected during these configurations (you can add new OS installs any time you boot up BerryBoot).
Even when the installs are intended to run on one USB drive (the one formatted by BerryBoot) you can still install OS images supplied on another USB drive, though you may need a USB hub to keep everything connected simultaneously. I suggest having the primary USB drive (the one to run from in future) connected directly to one of the RPi USB ports, with the other USB devices connected by external USB hub.
The drive used to supply ".img" files for installation (to SD or other USB drive) must be formatted to FAT32.
The images supplied can NOT be those normally flashed to standalone SD cards.
Such images do NOT work with BerryBoot. You need SquashFS images of a special kind.
Fortunately both XBMC and RasPlex versions of the OpenELEC installs for RPi include such a SquashFS image file.
On any installed SD card of RasPlex, or of OpenELEC(XBMC) for RPi there is a file simply named "SYSTEM".
You can take this file as is, copy it to a computer and rename it to whatever you like with a ".img" type extension.
For the most recent RasPlex version I'd use a name like "BB RasPlex 0.4.1.img"
(The "BB" prefix is just to ensure that I never confuse it with a 'full' RasPlex image, for standalone use.)
That file can then be stored on a FAT32 USB drive (together with other such images) to supply install images for BerryBoot.
Note that you can freely mix install sources in your BerryBoot usage.
So you can use different USB drives to supply new images, and also install some images from online (the default choice).
Every time you reboot with the BerryBoot SD card inserted, a boot menu will appear listing your currently installed OS images.
You can then choose whether to start any one of them, or wait for the default to launch, or choose to enter the edit menu.
That edit menu is the one where you can install new OS images or remove old ones, or just edit their names or parameters.
I hope this post has given a better understanding of how BerryBoot works, and how you can use it for RasPlex.
Best regards: dlanor