I assume the Genesis framework appears in the Appearance tab of the WP menu similar to the 2011 theme bundled with WP.
Yes, as well as AgentPress. You will only activate the child theme.
These forums were CLOSED to new posts on November 19th, 2012. New forums are here: http://www.studiopress.com/forums/
and you will need to SIGN UP AGAIN.
If you need assitance with setting up your theme, go to http://my.studiopress.com/
and read the SETUP links or the TUTORIALS link on the side tab.
If you need Account Assistance
, file a help desk ticket at the same location.