Yes for sure, finding the right theme and then customising it for your needs is the next most time consuming part.
The first time around for my site, it literally took me months because I fussed over everything.
The second time around I went with a better theme framework that allowed more customisation through config, rather than having to hack html and CSS.
So it was quicker, but I still tinkered just because I can't help myself
I've got 5 or 6 sites (personal and business) hosted at wphosting so I can recommend them. I don't use them for domain name registration, but you can if you need to.