from what i've heard it has something to do with making website alot more customable. Moving a part of a website from one place or another neat!. Anyway, are there any references out there already on how it is done or anything helpful enough to be able learn to use it?
Google on AJAX.
Wikipedia is as good a place as any to start ... http://en.wikipedia.org/wiki/AJAX
:? Did you read the wikipedia entry?
It explains everything far better than I could and provides links to different sites with tutorials & toolkits to get you up and running.