I have Internet Sharing enabled:

The WEP password is aaaaa. I understand that my MacBook Pro now acts as a wireless access point. My Windows XP PC can see this. However, when I enter aaaaa as a password, I can't connect :(
Am I missing something? I've read about WEP being seriously outdated, that WiFi device manufacturers hadn't yet agreed on a unified way to treat passwords through WEP.
So I did some experiments. As a control setup, I'll hold my Mac password to aaaaa or AAAAA at all times. I've tried the following passwords on my Windows:
Mac password: aaaaa
aaaaa - Fail
6161616161 - Fail (61 is the hex ASCII code for a)
Mac password: AAAAA
AAAAA - Fail
4141414141 - Fail (41 is the hex ASCII code for A)
UPDATE
Yes, I also tried using 128-bit WEP, trying out the same experiments above for aaaaaaaaaaaaa and AAAAAAAAAAAAA. It still fails.

