well it depends on what you actually want to remove if you just want the 404 stuff gone then yes its obvious line 39 and 40

if you want the whole loop(so it wont display posts even if you have them) then its line 8-43 though that may break other things and I dont recommend doing that alternatively if thats what you want its probably a better idea to create a custom page template and use a static home page

-Chris K

Ok. What code should be commented out? Is it obvious if I look in the file?

Youll need to remove the code from the index.php

I'm seeing that if I don't have a post then I get "404 Not Found" immediately under the slider area. I can make that go away by adding a post but I'd rather not have anything in that area. Can this be turned off so that the only items under the slider are the Footer Widgets? Thanks.