Looked it up and found the following from (http://www.wu-ftpd.org/HOWTO/guest.HOWTO
"Guest FTP is a form of real FTP; one logs in with a real user name and
password, but the user is chroot'ed to his home directory and cannot
escape from it. This is much safer, and it is a useful way for remote
clients to maintain their Web accounts."
Which is almost exactly what I want.. Just need to find a copy of the howto written in English now
What about having all users log into the same folder though, any ideas on how to acheive that?