You should read about the two classes of problems to understand the issue better.
The P-class contains problems that can be computed in Polynomial time. For example, if you had a dataset of 1,000,000 unsorted values, and you want to apply the
Selection Sort algorithm, the cost of computation is O(n^2) where n is the input size of 1,000,000 so the computation will cost you 1,000,000^2 operations (a million-million). On a computer that can perform a few billion operations a second (like our current desktops with 3GHz processors can), this is acceptable, it will take a few minutes maybe.
The NP-class contains problems that take more (a lot more) time to compute BUT, results can be verified in Polynomial time. The
Travelling Salesman Problem, for example, is as follows:
You have 50 cities to visit with some specified travel distance between them (say the capitals of the US states), which route is fastest overall? The cost of computing this problem is O(n!) which involves checking every combination of routes, and selecting the one with minimum overall distance. (n! means n-factorial, 50*49*48*47*46 ... *3*2*1 = 3*10^64, a monumental number with 65 digits, and that's only for 50 cities, how about a few hundred cities?!). Consider that a computer can perform somewhere in the vicinity of 10^9 operations per second, it will take a very, very long time - 3*10^55 seconds! - and that's for quite a small input size (50 compared to a million in the Selection Sort example).
So the P-vs-NP problem is to determine whether or not these problem classes are indeed different, or maybe we are missing something, and there is a much, much faster way to compute the Travelling Salesman problem but we haven't found it yet (there actually are faster algorithms that take less than O(n!) time, but they aren't anywhere near Polynomial time). One thing to note is that ALL problems in the NP class can be reduced to the Travelling Salesman problem, so if a solution is found to this problem in Polynomial time, then all problems in the class can be solved in Polynomial time which would be an amazing discovery.
I hope I explained that OK, I studied it last semester. :P