FallenDemon:
Okay so turns out my local electronics store had some Attiny85 chips. Does the Arduino 1.0 software not support the core attiny45_85 files? I get an error while even compiling the Blink skecth while using Attiny85 w/Arduino as ISP. So it has nothing to do with the wiring or hardware side. I get the error, "OUTPUT not declared in this scope."
Not out of the box, no. You'll need to add some functionality - check http://hlt.media.mit.edu/?p=1695 for instructions on what to do and what to download. If you decide to use someone else's ATtiny core software the instructions are still the same.