Mike's not using wp-autoblogs in that post where he says "5 minutes."
So.
Minute 1: select a niche while you download wordpress from
WordPress › Download and unzip/tar the file into a work directory.
Minute 2: sign up for a hostgator account, using this link and the special code JURY for a deep discount on the first month.
Web Hosting - Shared cPanel Linux Web Hosting
Minute 3: Find and locate your adsense publisher account number. Download a pretty theme that includes adsense. This is a nice one.
WordPress Theme Blix with Google AdSense
Place the theme in your /wp-content/themes dir.
Minute 4: Beg, borrow or steal the wp-autoblog plugin. Find 2 RSS feeds for your niche.
Minute 5: create a database for your domain, configure it in wp-config.php ( copy wp-config-sample.php). Upload the wordpress to your hosting site, click on yourdomain:/install.php, wait patiently. Login with your login info and make settings changes. Activate the plugin and configure for your two feeds. Activate the theme. Check your work.