Welcome to the forums! There are many threads on basements from using the white "search box" at the top of every page. This will get you started on the "diaper" insulation system you now have and don't want; http://www.buildingscience.com/documents/digests/bsd-103-understanding-basements?full_view=1
Pick your choice, not poly; pp.8, 26-29, 47-51, summary pp.69; http://www.buildingscience.com/docu...merica-high-r-foundations-case-study-analysis
The slits do nothing as a vapor barrier is area weighed; http://www.greenbuildingadvisor.com...ier-or-vapor-barrier-building-science-podcast
Gary
Pick your choice, not poly; pp.8, 26-29, 47-51, summary pp.69; http://www.buildingscience.com/docu...merica-high-r-foundations-case-study-analysis
The slits do nothing as a vapor barrier is area weighed; http://www.greenbuildingadvisor.com...ier-or-vapor-barrier-building-science-podcast
Gary