Pretty much, it will get you through the job. I watched the video before I did one of my wheel bearings (01 ex) and it was almost an identical job. You will need a press or access to one to get that hub out. Or you can try to smack it out with something like Eric uses but I have a press so... Good luck!
Let me just revive this thread and just share my experience with wheel bearing. Several DIY's I found indicated using OEM Honda wheel bearing. Of course I decided to cheap out on it and bought a $46 bearing from Pepboys. Its making noise on slight turns now after about a month. Right now I might just look for a used knuckle to put in.
i wasted time and $ by mistakenly buying a hub online..i thought that the bearing was already pressed into the hub from the factory..it was not....the FRONT wheel bearing is sols separately from the hub (at least on a 2001 LX)