newbie question with networking

[darkeneddays]

Salutations,

In a couple weeks I'll be getting another system(love them tax returns).Anyways,I'm looking to network my current PC to my new one.I have an internal PCI modem for my DSL service.The new system will be the one that will host the modem and will be running WinXP.The 2nd PC will be running WinME.
I don't think there is anyway around me having to have the "master" PC on in order for the 2nd PC to have internet access,due to having an internal modem.I've read several articles on networking yet I'm still kinda confused on the hub/router/or direct connect methods(network card to network card)
I want both PCs to have internet access,individual IPs,blah blah blah.What would be the best method for me to do this?
Also,when I have the PCs networked is there a way to dictate how much bandwidth each PC gets?
Any help is appreciated

 

[Lytech]

Well,
While you do not need a router, I would suggest getting a hub or switch over the direct connect method. The host computer will act as your router, and you will have to enable internet connection sharing on your Xp box. In addition, you will be placing the IP address of the Xp box as the gateway address in the ME box. Personally, I would look into getting a router/switch, since it's only a few bucks more than the hub, and if you one day get an external modem, you would be freed of the whole one computer has to be on thing.

 

[cipher00]

Plus, the router will let you share one IP address and keeps the rest of your system from being seen by the rest of the world. It's also (usually) easier to configure. Prices for entry-level routers are not that bad, either. FWIW.

 

[darkeneddays]

Thanks for the response guys...

Can either of you suggest a router/switch?
Never bought any networking hardware before so I'm not familiar with what is good or not.

 

[BlitzRommel]

Most of today's entry-level routers are pretty decent, including the Netgear RT314, D-Link DI-704, SMC Barricade, and Linksys's Router (I forgot the model number).