Is it possible to create a Wi-Fi hotspot from iPhone that's not ad-hoc? First off, I am well aware of how to—in general—create a wireless hotspot using an ad-hoc network directly from my iPhone.

I have previously used the latest version of MyWi (version 4.12.6 at time of writing) but it creates ad-hoc networks and this doesn't work for me.

I do not want to and cannot create an ad-hoc network from my iPhone to allow another device to share its connection (must be wireless, as bridged connections don't help either).

Does anybody know if this is possible?
In iOS 4.3 there will be Personal Hotspot integrated in firmware. Just wait