You are right, but now in the ECMAScript 5th Edition, the Object.create method is able to create object instances using another objects as a prototype:
var proto = {foo: 1};
var obj = Object.create(proto);
In the above example, obj will be created and it will contain a reference to proto in the [[Prototype]] internal property, and:
obj.foo; // 1
obj.hasOwnProperty('foo'); // false
This method is from the new specification approved on December 2009, as far I've seen now is available on the Mozilla JavaScript 1.9.3 implementation.
For now you can mimic the behavior of that method by this, as proposed by Douglas Crockford:
if (typeof Object.create !== 'function') {
Object.create = function (o) {
function F() {}
F.prototype = o;
return new F();
};
}