OK Amy,
I'll try to guide you thru this and I hope others chime in if other advise is needed.
September 08 I got a Phalaenopsis from my parents that had severe root rot. The only good roots were the 'aerials'. A Phal doesn't have real aerial roots but with 'aerial' I refer to the roots that didn't live in the pot.
I have to say, this plant wasn't dehydrated at the point it came in my hands.
This is what I did: I soaked the plant for 30-60 minutes. I made sure every root was emerged in luke warm water. Soaking makes the roots more pliable.
If you have Superthrive or KLN you can use that for soaking your plant. If you don't have one of these, just skip it.
Again, inspect your plant for any dead parts of tissue (roots and around the stem). When the plant is still wet, dead/sic tissue is easier to recognize. Remove dead tissue.
Now, remove all water that is trapped between the leaves or in the crown from the plant. You can blow it away or use a tissue to remove it. Water between leaves can cause rot (in no time).
Now comes the cinnamon; if you see wounds, bassicly tissue that 'bleeds' apply a bit of cinnamon to it. It helps to dry the wounds faster and it's said it works as a natural fungicide/bactericide. As I wrote in a previous post, don't apply cinnamon to parts of the roots that feel firm, only apply it on wounds. Work carefully and slowly as you don't want to spill cinnamon on the few healthy roots this plant has. If it happens, flush it away with luke warm water.
If you are in doubt about the use of cinnamon, skip this part as it's not essential.
I don't know what your climate is like, but were I live I lay the plant aside for a few hours to let it dry.
My ill plant that I mentioned before got potted in plain bark, that I didn't presoak. Gently I tugged all the 'aerial' roots into the medium.
After a few days I started watering it. As soon as the medium was dry (search for skewer on this forum) I flushed the pot with about 1 liter luke warm water + Superthive.
I wanted the medium to be airy and I wanted it to be dry fast too. After a few weeks, the 'aerials' started branching and new root growth started.
Depening on your climate you need another medium, other water regime etc.
Besides, you might need a smaller pot for this plant. If the pot is too large for the root size, the roots will suffer. I like translucent containers (considder containers which held candy or something) as you can see the roots and the growth. I drill holes in candy containers myself.
So far until now
It's 3 a.m. here now and I have to go to bed. I hope others help you if you need help, while I'm a sleep.
'till tomorrow, when I try to answer your other (new) questions.
for today, ROFLOL
And please, forgive me any spelling spelling errors, no spell check at this time of the day