Yes, it's a great thread very informative and useful for a lot of TBers.
Unfortunately his methodology is not for me.
Well, I haven't read the Jive thread, but I'm sure it's got lots of provacative and useful suggestions.
So, to the point of your question, the last time I had to learn an evening's worth of music short-notice, I literally partitioned the songs into simple, medium, and very challenging. I then partitioned the amount of time I spent on each accordingly. I made notes using TAB and chord progressions. I tried to only use TAB for difficult licks, runs, or sections that were hard to remember, only on select songs and never the entire song. As time went on, I weaned myself off of as much of the notes as possible. I only kept the notes for the most challenging material, or the stuff that just wasn't sinking in for some reason. I think by the time the first gig came around I was down to just a few notes per set, which I typed out and printed in as large a font as possible, so that I could see them from the floor (I try to avoid music stands, your and your band's standards may vary).
It worked out very well. The band was really impressed (and relieved), the show went great. I hit a few clams over the course of three sets, but recovered so quickly that few heard them. No train wrecks. I didn't play the songs as well as I would eventually, but it did the trick to the satisfaction of everyone else.
This is one example, but the philosophy is the same: You gotta have a strategy that will be effective for you and get you over those first few gigs to everyone else's satisfaction until you can eventually get the songs the way you like them.