dtgreene: What class are you playing? (For a first time player, I *highly* recommend playing a spellcasting class; the game is much more manageable that way.)
andysheets1975: I did the Q&A thing at the beginning and ended up with a wood elf battlemage.
Battlemage is one of the better classes for a newcomer. The only thing to note is that certain Spellmaker effects cost half or double (IIRC, Heal, Cure, Fortify, and Resist Elements (but not Spell Resistance) cost double, and Damage costs half), but that shouldn't cause much difficulty (and, if you want, you can make powerful custom Damage Health spells once you''re a decent level).
Also, the Potion of Restore Power restores spell points; every other potion mimics some spell in the Known Spellbook. Note that Known Spellbook spells are usually not that good as spells; you can usually do better by making custom spells.
One more thing: Offensive spell effects that don't look like they're useful are very likely bugged in some way. Damage Health, Transfer Health, and Paralyze are safe effects that work properly. Non-offensive spells, in my experience, work properly for the most part.