2 Jul 17, 2007 21:46
I am more into Apache, but in your case it is IIS that controls your server. Here is a [url=http://en.wikipedia.org/wiki/Internet_Information_Services]wiki[/url] entry. In the panel from IIS you should be able to to access your database and create a new one, including password. This is the information you want to use in your install script.
The host: localhost is probably correct if the server is on the machine you are working on. Check the base URL, it's the path info you see when you view a page you have put on your server.