Via its Internet Sharing application, Windows Mobile allows sharing a phone's internet connection with a laptop via a USB cable or Bluetooth. WiFi is not supported, but that omission has now been corrected via WMWifiRouter, a free application by programmer Jorrit Jongma.
Being able to use WiFi instead of Bluetooth is desirable for those with 3.6 or 7.2 Mbps HSDPA connections, since these outpace the former's 2 Mbit data rate. But, as this FAQon the XDA-Developers Web forum explains, Internet Sharing was not designed to use WiFi and has been able to do so only if users installed a hacked version of the relevant DLL (dynamic link library).

Windows Mobile's Internet Sharing
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WMWifiRouter application
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The WMWifiRouter application, though only scantily documented on the above website, corrects this problem by allowing an ad hoc WiFi network to be set up between a laptop and the phone supplying the wide area connection. Available for free, it requires Windows Mobile 5 AKU 3 or Windows Mobile 6.
To download WMWifiRouter, visit here. For more information on Windows Mobile's Internet Sharing capability -- termed its "most underutilized/unknown feature" by Microsoft's Enterprise Mobile Solution Specialist Jason Langridge -- see Langridge's blog,here.