Took me a while to figure out how I wanted to set up my site. After dabbling in a little home made CMS and evaluating several other open source CMS/portal solutions, I finally decided on dasBlog.
So far so good. Setup is a breeze, just copy the files to your webserver and make some minor changes to your configuration XML files and you're all set to go. Templating is also very flexible, however, there is no UI for doing it at the moment (no UI to select a macro and insert into an HTML template). Currently, everything has to be done by hand in a text editor, which is sure to turn certain people off to this application.
On the downside, the list of available macros is somewhat limited beyond the standard blog/item macros. Not only that, the list is poorly documented. I can't seem to find a complete and up-to-date list of macros.
Well, in any case, I still have lots of work to do in terms of skinning and working on the CSS files. All of the links at the top are dead for the moment, but I plan on filling them in (eventually).