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Connectify is a small piece of software that uses unfinished code in Windows 7 to turn your laptop into a WiFi hotspot. For example, if you have one ethernet cable, but multiple people who need to use the net.

As a side-drift, has anyone heard of anything alike on Linux?

Etheryte how does this work, i thought your laptop only has wifi outbound?

You can use your laptop to browse these forums, example, don't you? And you can also use your laptop to post on the forums.
Easiest example of how you use wi-fi for both inbound and outbound info. So far there just hasn't been an app to harness it. So far, not all hardware is supported, as well.