Full post blog functionality on the front page

[StephanieV]

This may seem like an odd request, and that it might defeat the purpose of such themes, but I'd like to have full post blog functionality on the first page.

In other words, right below the the featured content gallery, in the first content box area, I'd like my blog to begin, the ability to post formatted posts like actual blogs, with time stamps, comments, etc., but still retain the left-aligned thumbnail pic.

Is this even possible?

I'd appreciate any advice. Thank you so much.