Yes, you believe that the "millennium" is now, Christ is reigning from the right hand of the throne of God, that when He returns, there will be a new heavens and new earth. This view is typically called "amillennialism." But that title is really a misnomer, since those who hold the view believe we are in the "millennial" reign of Christ now. You view the 1000 years mentioned in the book of the Revelation as symbolic of the period of time between the ascension of Christ and his return. He will return and judge the living and the dead and then install the eternal state.
I understand the view... and since I utilize a literal hermeneutic, I reject the view. (I do like my friends who hold the view though... I don't reject them) :)
Actually, my view is of the "Historicist" viewpoint. We look at the views of futurism as a misunderstanding of many prophecies and the changing of the terms used by the writers of Scripture to produce a contorted view of what is said. Using the tools of hermeneutics, such as exegesis and etymology, and looking at how the terms were used at the time employed, we feel our viewpoint is more viable than the other viewpoints. Do we "condemn" other viewpoints? Absolutely not. Most of the end time viewpoints are not what salvation is all about. I do not believe that ignoring all that has happened in history and attempting to place all of them into the future provides a satisfactory answer.
As for me understanding futuristic viewpoints, well, I hear many variations of each of them, some contradictory in themselves. It, at times, is very confusing. It seems that not all individual in any one particular strain of belief understands it the way another one in the same strain of belief does. Do you understand that?