I just installed the latest version of WordPress on a new web server, which’ll take over from the old one soon, and I have been very pleased with the whole process.
Installation was as simple as creating a database, wget-ing the latest.tar.gz, extracting, creating a config (which I could have done through the browser but didn’t like the security implications), running the setup, exporting from my other server and importing onto this one. I had to get a couple of plugins again and stuff but that was pretty easy.
Good game WordPress!