I've written up a longer guide on how exactly to use a french press. Check it out at http://www.squidoo.com/french-press-coffee

In regards to the cholesterol issues. First is that LDL is the "good cholesterol", and also that even if you drink a pot of coffee each day, most people won't have any problems at all with cholesterol. Just like if you ate a steak every few days. But I suppose if you are already being treated for it, might as well be a bit more careful. Summary: most people don't need to worry about their cholesterol at all.