This all a lot of great advice. We definately want to get it under control now before it becomes to hard to make changes later, that is why I am so determined to find the best/proper way of handling her. Her nipping while running is a little better, but her biting while petting or showing her attention is getting old, we are trying the ignoring her and yelping techniques when she does it but sometimes she gets agitated at us and starts biting harder and more often to get the attention.
Something else I notcied about her is that with us in the house she is not as hyper but as soon as someone else comes over (nephews, parents, etc) she goes spastic towards them trying to get their attention and affection.
I am working with my boys though on how to deal with and handle her when she gets rough with them and again it is fun trying to train all 3 of them.