Custom Page Wanted

Hi there!

I am brand new to wordpress, to web servers, and still no idea about coding much of anything in any real language except gibberish, so please forgive me if it takes me a few reply’s to understand what you are talking about. But in the hope that I do understand your answer, here is my question:

I am using the Atahualpa Theme on a new version of wordpress, but what I would like to do is have my blog posts come up on a second page and have a fairly static ‘home’ page.

What I would really like to do is have just my most recent post on the front page with only the title and intro text showing, I’d also like to add some widgets or plugins to the home page, not just the sidebars, so I could put some things like a photo widget, twitter or FB widgets, or some google things. I also want to keep the style of sidebars I have too so people can click left or right for archives, tags, searching, rss etc just like on all other pages.

I want to put my current ‘home’ page as a second page called ‘The Blog’ or something, and then have the current second page, be a third page (the default is titled ‘about’).

Does any of this make sense? Is it possible to do? I’m betting it is, and probably really simple right? I’m just completely missing it haha

Thanks to anyone who can help me sort this out, or at least point me in the right direction!

ps. my site is at http://www.hhworld.net if it helps to have a look at it to understand what I mean