Getting Google Analytics MU Working

Hey everyone, I'm setting up my MU network as we speak but have
a question on installing the GA MU plugin correctly. From what I
understand (correct me if I am wrong) I'm able to track Network
Wide all traffic, meaning user's sites as well as letting them track
their own analytics.

With that assumption...

Where, specifically how do I put my "master" tracking in place.
I created a UA for the whole network and put in the UA# within
the primary blog...

Is there anything else?
What about all the trackingcode embed code stuff?
Does the GA MU plugin place all that stuff in there for me?

Thank you in advanced.