Turn Your Windows 7 PC Into a Wireless Hotspot: "You'll want to start out by heading into the Network and Sharing Center through the Control Panel, or you can quickly get to it by right-clicking on the network icon in the system tray. Once you are there, find the link for "Set up a new connection or network".
You'll be prompted with a wizard that allows you to connect to VPNs, dial-up, or create a new ad hoc wireless network, which is what we want to do. You can easily use an ad hoc network to share files back and forth between two computers, but today we'll be using it for sharing the internet connection."
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