Updated 1/28/2013
FileRoot
The FileRoot is base of the FileScan database. It is the node that contains all of the nodes you will define for scanning. It exists so that you can right-click it and scan all of your nodes with one click.
Node
A node is a representation of a folder tree from your Windows filesystem. You may add many nodes to the database to scan different groups of files, such as a music library, photos, a set of backup files, etc.
MD5
An MD5 is a numerical hash of your file, which FileScan uses to verify that the file has not been modified since the last scan.