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Hey, I'm not exactly sure how they did it, but I found a module that does exactly what I want with the news module. Check it out:
https://xoops.org/modules/repository/singlefile.php?cid=80&lid=1326
It displays the introduction paragraph in the 'recent news' block on my home page instead of just the title and a link - it works a treat.
It also has some other nice touches that give you more control over the general construction of your personal theme and I particularly like the features for placement and control of your marquees.
I'm off to post a nice comment about it in the module repository now