There's a few issues with this screen. There's a bug open on it requesting that the text be changed to be more accurate. There's bigger problems than that, though.
Let's go a bit into the background of this dialog. It occurs early on in the screen flow:
[ lang selection ] => [ keyboard selection ] => [ basic or advanced storage ] => [ REINIT DIALOG ] => [ hostname selection ]
Text-massaging approach - simplest
Here's some quick paper thumbnail sketches that were used to create the mockups above: