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Does most of that information still apply? Also, are there any similar more updated guides such as that?
More specifically, I was curious about the below section:
G) Outbound Links:
From every page, link to one or two high ranking sites under that particular keyword. Use your keyword in the link text (this is ultra important for the future).
So even if I run an e-commerce website selling a product, it would be in my favor to link to some competing websites from my homepage?
It may have been valid in 2002, but things are considerably more competitive now. One page of quality content a day won't get you far in niches where your competition has a team of writers and developers at work.