Welcome to the Forum.
I can see you are running Fedora 7, I would strongly suggest updating to Fedora 8 as wireless support is constantly being improved and your card would work out of the box with the rt2x00 driver, the current kernel supports the card and works fine.
$ modinfo rt61pci
description: Ralink RT61 PCI & PCMCIA Wireless LAN driver.
For more reading on Fedora wireless support I suggest reading http://fedoramobile.org/wireless