Is there a software alternative to Mac OS X built in internet sharing services?

Is there a software alternative to Mac OS X built in internet sharing services? The Internet Sharing feature in Mac OS X (available at the "sharing" System Preferences panel) seems to be somewhat limited, it does not have the ability to use WPA when sharing through AirPort for instance.
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Guest [Entry]

"OS X's built in internet connection sharing is not really up to long term use. Snow Leopard at least has introduced 128 bit WEP compared to Leopard's 40 bit

The best solution is to get a hardware WiFi router - only about $40 and it will give you WPA2."