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I am totally new to this emulator stuff. I am using Jolicloud on my netbook and I have no idea how to install this software. A step by step guide would be awesome. Please don't redirect me to the guide provided on the site (didn't help).

There is another simpler guide if don't understand the long one
http://forums.pcsx2.net/Thread-Quick-Sta...ide-v0-9-8

since jolicloud is base on debian kernel, I'll move this to linux section.
That said, given you can use pcsx2 on your netbook, I'm quite sure it'll be unplayable.
Just bcause jolicloud is made for unpowerful machines, I guess yours will be far below recomended specs.