Honda engines operate with the oil pressure around 50psi at startup, 25 at idle, and 75 at WOT. The Honda oil light comes on when your oil pressure drops to 4psi. Thats 4, down from 25-75. It basically means "Your engine is now fucked. Have a good day." Maybe if she had shut it off the second it came on it would have been ok, but I'm relatively sure you should be in the market for a new engine. At the very least, her rings are gone and her compression is way down.