Thanks for the replies!
I think I'm going to just get 2 WAP11s and call it a day. Although, I will attempt this project just for the sake of knowing how to do it.
I do however wish that a wireless bridge was $5, I would use them for everything! Unfortunatly the linksys WET11 wireless bridge is more expensive than a WAP11. So what do I do, buy a WAP11 and put it in bridge mode.