2KOOL Performance.com wrote in post #2861434
Are you saying that I've aquired the wrong camera altogether? It was the best camera available through air miles L!
Not at all man! Getting the right tools for the job is very important, and you just acquired a great one!
And thank God for airline miles....just booked a freebie trip to Hawaii in May courtesy of Northwest. 
I thought with the 10.1 pixel and 3 frames per second I was on the right path?
Definitely.
Took my Dad to the NHRA this summer and guys were shooting wrinkled tire shots of TOP FUEL from the stands with their camera's ?? they could litterally throw their camera's around and every pic the camera took was DEAD accurate and picture purfect, it was bizarre..... I thought this was the first step
As many are about to tell you, doing so is ALL about the technique. Truth is, it's only mostly technique and part tool. The technique part is a whole lot harder to solve though.
First step is getting to understand the basics of exposure. I'm the type that always cringes when people reccomend books, but "Understanding Exposure" by Bryan Peterson is a great one that's often reccomended and it's actually a quick read. Once you get the concepts down take some time to practice-practice-practice, I can guarantee you you'll be infinitely more satisfied than you ever were with your point and shoot.
As far as the lenses go, getting Canon to throw you a bone would be huge. Get ready for the onslaught of "you need to get a XXX L" lens. They're great if budget isn't a concern, you've got loads of cash, great credit , or no wife (or at least one that's REALLY understanding!) but they're not essential. If any above are a concern, look into some fast primes (non-zooms) where you can pick up speed on the cheap. Good luck, practice and post lots of pics!