XF 1.2 Index / Entrypage

Yes, or at least close to it (in 1.2). You would create a page and change the "index page route" option to be pages/page_name. The forum list would be under site.com/forums/ then.
 
The home link will link to your index route page. If you'd like to change that, you'll need to edit any references to it and change the link manually in navigation.
 
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