Is it possible to just show the contents on the one album on the front page? I just want a grid of images on the front page. I don't plan on having more than one album. I would rather the user just be able to see the images rather than have an extra click.

Sure, you can display the images of the album directly. Modify the theme's index.php to use the next_image() loop within the next_album loop or use the object model framework directly.