Hello Miss Hopeful and all the other lovely ladies...sorry for being MIA. Life is hectic with a toddler and we just completed our second IUI

I very briefly read the comments... so forgive me if I repeat something someone else said
Most importantly, you are in your "fertile years" meaning you will want kids I am sure. So BEST thing you can do is get a Fertility Specialist who REALLY knows about PCOS and Insulin Resistance. PCOS is actually so common nowadays.
I was diagnosed in 2010 with PCOS and IR. I was with a couple gynaes before then and I regret wasting my time with them. Since then I have done LOADS of research on PCOS. There is no cure, it's not reversible. BUT you can manage it effectively.
Quit the birth control (pill). Birth Control is the worst thing you can do for PCOS, it masks the symptoms so eventually when you want to have kids you find yourself struggling and all of a sudden your problems seem bigger. I was on the pill for 7 years prior to being diagnosed and I honestly regret it now because it masks alot of symptoms and makes your condition so much worse. If you ever need birth control you need to consider something that contains no hormones.
Remember PCOS is a hormonal disorder so the pill will throw everything out.
Where are you based? We found an awesome Fertility Specialist in Durban who doesn't charge a fortune AND who REALLY cared about us and our desire to have kids. Dr Sagie Naidu is brilliant. He runs the Durban Fertility Clinic and the success rates are extremely good. The best advice he gave me was to not go on any special diets, all I must do is eat low GI, high fibre, low carbohydrate and high protein. Prior to this piece of advice I had tried so many diets only to put on weight instead of losing. Once I followed Dr Naidu's simple advice I lost weight, not fast but gradually. The month prior to conceiving our first son I lost 6kg. I was on regular glucophage but must admit I was sensitive to it (my tummy would go more than once a day and I would get nauseous) so Dr Naidu changed it and put me on 1000mg Glucophage XR, this is a slow release and you don't get bad side effects like with the others.
I was always regular with my cycles, never skipped months. So no, it doesn't mean that if you are regular that you are ovulating. You can still have your period every month and not have ovulated. And I was annovultary.
Weightloss can help your PCOS but it won't cure it. I had a previous gynae always complain about my weight when I was really trying to lose it. My fertility specialist explained that yes weightloss can help relieve some of the symptoms but it won't always work that way for everyone. That's why you also get "thin" PCOS where ladies are super thin but have PCOS.
Are you on any supplements? Most PCOS ladies lack Vit D and this can also affect hormone levels. Our specialist advised I take PregOmega Plus (this helps with egg quality alot), glucophage XR 1000mg, staminogro at night to also help with egg quality. Hubby was put on Sperm-i-prove since he has slight sperm issues. After all the research I later added Vit B6 50mg, Inofolic 2 sachets per day and also FertilAid for women (but only when I wasn't on fertility meds). I cut down my sugar intake and fat intake. To be honest eating super healthy isn't always easy for us (it's expensive) but being a chef I have learnt to find alternatives to the expensive stuff.
I can't express how important it is to watch what you eat. For example soya is a no no for PCOS ladies because soya imitates the hormone estrogen which with PCOS you already have too must estrogen so by adding more you are only making your problem worse. Change from regular coffee to decaf. Personally I stick to full cream milk because the fat helps egg quality. Stay away from refined foods ie white flour, bread, white potato, white rice. However enjoy sweet potato (low gi), if you have white rice add lentils to it to make it low gi, enjoy your beans because they are healthy and high in protein. Cheeses are great for snacks, nuts and berries. Whenever you feel the need for chocolate, eat a teaspoon of peanut butter. It levels out your sugar level so you don't spike and it suppresses your craving. If you want a dessert eat cheesecake made with cottage cheese and cream cheese, the cheese helps hold back the sugar so you don't spike.
I would advise getting a sugar tester because by doing a food diary for a week you will be able to see which foods affect your sugar levels badly. Every person differs. for breakfast try things like oats, kellogs high fibre because these types will release energy slowly.
There is some research that shows that PCOS ladies can be gluten sensitive so some ladies find relief by cutting gluten out their diet. But this doesn't apply to all PCOS ladies.
We struggled just over 2 years to conceive our son, we then met our FS in Jan 2011 and end of Feb 2011 we conceived our son. Big miracle for us. Unfortunately my pregnancy never went without hiccups, at 20 weeks I dilated to 3cm due to an incompetent cervix. I got an emergency stitch and managed to carry until 32 weeks when I gave birth. My son was in NICU for 3 weeks. Since my PCOS was severe just like yours, we decided to start trying for baby nr 2 soon after giving birth. So we started ttc in December 2011. By November 2012 we decided to try IUI again (since IUI worked to conceive our son), that IUI in november never worked. So we waited until March 2013 to do our second IUI. I am now 4 weeks and 2 days pregnant. Miracles do happen so please don't lose hope.
I am not sure if I answered all your questions but if you have anymore please feel free to ask. I am very open about our infertility