I'd like to display a number of news items and am a bit perplexed. The announcement module does exactly what I want, however, I cannot figure out how to automatically create a link to the whole announcement content. In other words, I can add announcements and they list how I would like them, only the {read more} link is done manually? I would like the [read more] link to link to itself (or the announcement that it is with). Does this make sense? I'd just like to list all of the articles in a module and show just the title that links to the entire article...

The Announcements doesn't work the way you have explained it. The option suggested above is a workaround that would produce a similar solution.

I would also check out News Articles module on http://www.ventrian.com/Products/Modules/NewsArticles.aspx as a possible commercial alternative.