I'm new to Wordpress, and I'm using it as a general CMS for the first time. It's a simple site with a few pages, and also a blog. The blog has the same theme as the rest of the site.
In any case, I'd like the blog home page to be at /blog, and the Pages at /{page-slug}, and a Page is assigned to the root of the site. What's the best way to basically put a standard Wordpress blog home at /blog/? I'd prefer it if all blog stuff were based at /blog (e.g. "/blog/2009/10/%postname%", "/blog/categories/news", etc.), but it's not an absolute necessity.
Will I need to do multiple Wordpress installs to support this natively? What limitations might I run into?