I'm trying to understand the Hamming window concept (Signal Processing) and the equation looks like the following:

Where:
N = number of Samples in each frame
Y[n] = Output Signal
X(n) = Input Signal
W(n) = Hamming window
First Question: I have "framed" (split the signal into blocks), so therefore, in X(n) do I pass in the values for each block, and, not the block itself?
Second question regarding the Hamming Window:
The equation is given:

From this I get:
w(n) = new vector
e.g. w(0) = 0.54 - 0.46 cos()
This is where I get lost. Shameful I know. Right, I know this is really stupid of me to ask but could someone help me out understanding the rest of this equation? I.e. in english steps?
Hope someone can help.
You have divided your entire signal in blocks of length $N$ (perhaps overlaping), and what follows is to be done for each block. So, in what follows $X(n)$ represents your input signal with $n=0$ being the start of your particular block.
(please dont post images for formulas here, learn to type equations in latex) It seems you confused $N$ (fixed, window size) with $n$. The formula is
$$ w(n) = 0.54 - 0.46 \cos\left(\frac{2 \pi \, n}{N-1} \right)$$
If you graph this (image on the left here), you see that it's a smooth window peaked in the center of your block (N/2). To get $y(n)$, you just multiply, value by value:
$$y(n) = x(n) \, w(n)$$
BTW, this kind of question is better suited to https://dsp.stackexchange.com/