rooting advice, why should I?

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Apr 13, 2011 3:29:34 AM via Website

Hi so i am thinking about rooting my htc evo 4g. Ive had it no for 4 months and been generally happy with it up until recently. So what am i asking of the forum?
Ive found out the hard way that the rooting process is extremely confusing and massive to learn as well the process to learn how to control it safely. What I want to know is:
1. The risks and consequences of rooting besides the warranty being void
2. Define flashing roms and its use
3. Can it be used to update my operating system to Gingerbread and if better, a stable Honeycomb (currently running 2.2 Froyo)
4. If things go wrong can I do a restore just like a ipod jailbreak
5. Finally, I want a "Teacher" on the rooting process, controlling it safely, and what exactly i can do with a rooted evo

I don't ask much from the root, currently all i want is to be able to "ghost" a backup, and mirror the screen to my TV via HDMI, but like i said above im interested in what else i can do with it