depends on what you need to do. If you just want to provide internet access to other devices, then you can configure DHCP on the wireless router. This will provide a "private ip address" to each device that contacts it(as well as primary/secondary DNS settings). The ip address on the router only matters in terms of connecting to your machines from the internet side.
Now, if you have machines you want to have static ip addresses for, you can remove a block of ip addresses from the dhcp server on the router, and use the addresses in this block for static addressing. Example, 192.168.1.1/24 --> 192.168.1.200/24 are assigned through DHCP, but, this leaves you 192.168.1.201 --> 192.168.1.254/24 for static devices.
When setting up the wireless device, you can go into the network connections, choose your wirelesss device, properties, tcp/ip properties, and set up if you want to use dynamic or static ip addressing. Network connections set up your preferences for addressing, and wireless profiles handle the wirelss access encryption.
so:
step 1: Open router and configure dhcp ip addresses. Leave enough for static address you want to use.
Step 2: Open network connection control panel, properties of the wireless connection, Internet Protocol (tcp/ip) properties. Now you have 2 choices, Obtain an address automaticlay (ie dhcp), or assign an address (static). If assigning a static address, put in an address in the range you left out of the dhcp set up in the router, put the ip address of the LAN interface of the router in the gateway, and the ip addresses of you dns servers. At this point, if you have no encryption on the wireless yet, your device should connect and access the internet. If it does not connect, make sure you typed all numbers correctly.
Step 3: Set up wireless security.
Hope this helps