My MySQL database does not support UTF-8. Do I have a problem?

No you don't. Versions of MySQL lower than 4.1 do not have built in UTF-8 support. However, Joomla! 1.5 has made provisions for backward compatibility and is able to use UTF-8 on older databases. Let the installer take care of all the settings and there is no need to make any changes to the database (charset, collation, or any other).

Newsflash

Joomla! makes it easy to launch a Web site of any kind. Whether you want a brochure site or you are building a large online community, Joomla! allows you to deploy a new site in minutes and add extra functionality as you need it. The hundreds of available Extensions will help to expand your site and allow you to deliver new services that extend your reach into the Internet.