I am pretty sure I know the answer, but better ask and seem stupid than do something wrong and be stupid
If I split a way, the two resulting ways remain joined? In other words, I am un-merging, not un-joining? I want to split a way at the intersection of several ways (click here) to make the section of the yellow way east of the junction one way.
Tell us first which editor you are using, then we can tell you in detail what you can do and what is the difference between the splitting function and the separate function.
When you split two ways in either Potlatch (‘x’ or cut tool) or JOSM ('p) the two child ways remain joined at the node where they were cut. In Potlatch this will be clear by the outer square box round the node.
To remove the join (i.e., create two nodes instead of one) you can use Shift-J in Potlatch or “g” in JOSM. “j” works in both tools to re-glue the nodes together.