http://documentation.netgear.com/wnd...usermanual.pdf
There is the manual, You should read it first.
Do you have a wireless card for your PC? Otherwise why do you want wireless - just for the X-box?
Basically you physically attach it via network cable to your PC and program it physically connected. If you then want to put a wireless adapter into your PC you would disconnect the physical connection. You would set up WPA2-PSK (see manual p2-11). If you then go so far as to include MAC addresses then you will need the address for your X-Box (see manual p3-2). Eventually you will likely want to disable broadcasting as well but make sure you are working fine a few days first (p4-7,8)
Also note that most routers come with phone support; call them and they can walk you through it (after you wait on hold about an hour).