General Overall Remapping Structure

We are preparing to utilize the tools for the first time. Quick question: When all the mapping is complete, will all the pages remap to http://www.domain.com/page1, http://www.domain.com, http://www.domain.com/page2, etc, instead of the homepage being http://www.domain.com and the other pages resolving to the subdirectory/subdomain structure. I believe I understand the product correctly, I just want to be sure.