First of all, take it out of the wet gravel. It will not be able to get oxygen to the roots and the remaining roots may fall to rot. If it does have active root growth (green tips) then it would be a good time to go to S/H if that is what you want to do.
If you have any of the bark left from the previous pot, put it in a tupperware container temporarily while getting ready to transplant. Check this thread to see more info about the switch.
S/H method explained
I love S/H. Don't hesitate to ask if you have any more questions.
