Hello.
I've installed on my wl-500b(v2) the latest version of the Oleg's custom firmware 1.9.2.7-4 and i think it is very useful and interesting, i don't want to change it. The single (big) problem i have is that i can't find the wireless network from my two notebooks (all two whit wlan b-type 11mbps).
I set my wlan whit open system or shared key and whitout wep encryption, i disabled the hiding of SSID etc... the only one setting i don't understand is the fragmentation threshold & C, but i don't think the problem is there.
This is the status log of the wireless interface:

Mode : AP Only
Channel : 11

Stations List
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I thank you all, Giuseppe.