Heads up, I'm a WP n00b :P
I've just installed WP through my host and during installation, decided to give it its own folder. I thought it would be a matter of changing a setting so that a link was created and thus, http://mydomain.com went to http://mydomain.com/wp
This hasn't really gone as expected though. Is it possible to do this, or should I reinstall to the root public_www on the server?