Re: What is achievable here???
Yes, that'll work perfectly.
To access files across the network, the computers have to be in the same workgroup. To change it's workgroup, right click on My Computer, click Properties, go to the Computer Name tab, and click the "Change..." button.
Then you need to share whatever folders you want. Right click the folder, click Properties, go to the Sharing tab, and check "Share this folder on the network" tab.
To share the printer, go on PC #1, and go to Printers and Faxes (in Control Panel). Right click the printer, click Properties, and go to the Sharing tab. Click "Share this Printer, " and hit OK. You'll then have to configure the other computer to use it. Go to Printers and Faxes again, click Add A Printer, and go through the wizard. Make you sure choose the network printer option.
C2D E6600 | 4GB DDR2-800 | 9800GTX+ | Asus P5B-E | 150GB Raptor | 320GB 7200.10 | 750W Xigmatek PSU