I'm a first time homeowner,living in New England, What should I do to insulate my unfinished basement?
Have you ever noticed that anybody driving slower than you is an idiot, and anyone going faster than you is a maniac?
I would start by looking at this web site.
Owens corning does have some good info. What is your goal in insulating? Do you plan on finishing the space or just help save energy?
Check out
http://www.buildingscience.com/documents/reports/rr-0202-basement-insulation-systems/view?topic=/doctypes/researchreport
and if you want to finish your space see
http://www.handyguyspodcast.com/tag/basement-finishing-series
especially episode 17.
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