RE: Xbox Live (is this possbile)
Yes I do something very similar to this to play my xbox 360 in my bedroom.
I have a PC in my bedroom, another pc downstairs and then the xbox 360 and a PS2 in my bedroom. The pc downstairs connnects to the internet with a usb modem which I then share with ICS to the pc in my bedroom wirelessly via a LinkSys router.
I then connect my xbox 360 or my PS2 to my pc in my bedroom via ethernet. All I had to do was share the wireless internet connection and then it worked fine.
If you have trouble with getting it to connect or would like help with some of the IP settings then I will be happy to help.
TrooPDoG
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