A member of our guild put together a helpful guide for getting around in "The Pit." You can find it here: http://www.savware.net/lawkeepers/fo...906&PN=1&TPN=1.
Further down in the post are some things that might be considered spoilers, so if you don't want to see those, stick with the first post in the thread which only helps you to not get lost in there. With these directions, and now that I know where to jump etc., I'm actually liking The Pit. The fighting isn't actually that difficult and on Elite I think I got somewhere around 11,000 xp.
I hope some find this helpful.