Yes, but you don't need to mess with it. Just enter the username and password during installation and you're set. I think Wordpress is one of the easiest ways to set up a website for people who, like you, aren't intricately familiar with webdev, but have some knowledge.
Still trying to figure out microblogging. Sorry if I used it wrongly. I didn' t expect it to show up on the gaming frontpage. I fucked up the formatting as well I see :/