Or am I supposed to be looking at the DIC on the right side of the dash? Where all the Vehicle Info/Compass info is located. I've been looking at the yellow SECURITY in the tachometer.

What happens if the timer is bad?

yes, the yellow one on the tach is the correct one.

I looked on another site and it mentioned turning it to the ACC position instead of just to the ON position.
I thought it was like this:

OFF - ACC - ON - START

Turn it to START, let it fall back to ON, right? Or am I supposed to turn it to ACC?

Allow the key to fall back into the ON position

So if I wanted to start over what do I do? Disconnect the PCM and plug it back in?

I'm not exactly sure, but do be safe, I would disconnect the PCM and the battery for a couple minutes.

So after I plug the PCM back in do I have to wait another 35-45 min before starting the procedure?

are you referring to this?

They are not saying that you have to wait 30-45 minutes, they are saying that it can be completed in 30-45 minutes

Get started as soon as you get it back together.

It appears to be going smoothly since I disconnected/reconnected. I'll let you know in about 10 minutes...