Close the thread. I solved my problem.

It was definitely drastic but I deleted the partition, reformatted a fresh Fedora 15 install. I updated all necessary files via yum with a wired connection.

Then I downloaded the source package from Ralink. I downloaded the RT539x source package and I followed the instructions in the readme file.

After configuring the file via "make" command I simply installed it via "make install"

then I restarted my computer and had access to my wireless internet.

I should also note that rather than using the newest kernel I used 2.6.38.6-26.rc1.fc15.x86_64