Sub Flooring

Has anyone worked with the Owens Corning basement refinishing system? They're pre-fabricated fiberglass insulated wall panels that snap into some sort of PVC grid. I just started refinishing my basement and the plan is (was) to construct walls, add insulation and sheet rock. I'm wondering if this new product is as good as it sounds.

I own a 50 year old ranch approx. 1300 sq. ft., with poured basement walls. I wish to remodel the basement in the near future, but am taking care of two leaks first. The first leak seems to be ok, but the second is my problem. Both have a unfinished(just the chiseled path)french cut in the wall, then a chiseled path in the floor which leads past the footing and into a drilled hole into the earth approx 1ft. deep. The first hole seems to drain just fine, the second doesn't drain fast enough and water spills onto the floor. My problem I believe is just a high water table in heavy clay. There is a sump pump in the opposite corner which rarely turns on, with no drain tile(inside or outside). Also downspouts seem to be just fine, exiting away from the house. One other problem with the second leak is that it is on the driveway side of the house up next to the foundation. Any suggestions would be appreciated.