I had earlier written a post on tuning the MySQL server configuration which was more geared towards the MyISAM storage engine. While that is not because I didn't intend on ignoring InnoDB but because I had planned a whole post on tuning InnoDB related configuration. So this post is the post that I had planned, I have discussed the major configuration parameters in here that should help you out most of the times.
Just in case you don't know resizing Innodb log file is not just simple as changing the value of innodb_log_file_size in the MySQL configuration file. But its even more simpler. Follow the steps in this post and you will be done with the resizing.