Just solder a .1 cap from the DTR hole pad to the base of the RST connector pin, turn the board over and cut the trace that was going to the RST pin, and you gain arduino auto-reset.
Just checking (as I'm a newbie) - are you saying one of thesehttp://www.ebay.com/itm/370532286388?ssPageName=STRK:MEWNX:IT&_trksid=p3984.m1439.l2649
plus quick modification and home-made pinout adaptor and you've got yourself a cheap FTDI setup to program chips with bootloader?
Yes, I have tested that and it works fine. Of course the serial cable does not use the FTDI chip so a different USB driver will be required when you first plug it into your PC. I think my XP found a driver automatically but drivers for the chip used are easy to fine.