hoodmeister - yep basically!
The way I look at aperture is in two dead simple ways.
1) Lower F num, more light comes in, hence faster shutter needed. And vice-versa with high F numbers, less light comes in, so longer shutter.
2) Lower F num, big aperture so more light from all sorts of angles - so the stuff you expressly focus on will be sharp, but light is bouncing about all over the place so everything else other than your subject will be blurred.
Higher F-num, tiny aperture, only allows light to come in one direction (kinda), so not only the thing you focus on will be sharp - most of the rest of your shot will be too.