Excellent. As a new person to Lightwave I suggest you try some good books like Dan Alban's inside lightwave 7. Its a good starter. Also you need to the the latest lightwave manual in pdf, make a shortcut on yourdesktop to it, and read through it even if you dont understand much of it, its very helpfull. Also you can easly refer to the manual it can actually answer many questions you might have about a specific things in lightwave.
Also to watch the tutorials you will need the latest divx codec from
www.divx.com