I have tried several times and I am having the same issue. It gives the following options:
Fresh Install of vBGallery v. 3.01
Reinstall the templates, phrases and plugins.
Uninstall Photopost vBGallery.
There is no option to "select the reimport the phrases,templates and product."
Also, shouldn't it say "Fresh Install of vBGallery v. 3.02", not 3.01?