Buy a Motive power bleeder ($50-$60). I've done it the old fashioned way and now that I have the power bleeder I can't even fathom anyone doing it the old fashioned way (meaning I will never be pumping the brakes again for this job).
It is SOOOOOOOOOO worth the money and after tomorrow NickCats and djomlas should have a review for you on the power bleeder and how easy it is to do (except for bleeding the clutch which is a PITA regardless of how you pump fluid through).