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It does:
http://developer.apple.com/library/...eference/ManPages/man8/InternetSharing.8.html

EDIT: but sadly, doesn't work for XBox, PS3 and a few other clients. :(

EDIT 2: You can try the hint here:
http://hints.macworld.com/article.php?story=20071223001432304

Well, anyway, if you stick with the manual settings that I suggested and just change the ethernet router setting on the Mac to the same as the router address for your Airport, I'm pretty certain it will work.
 
Well, anyway, if you stick with the manual settings that I suggested and just change the ethernet router setting on the Mac to the same as the router address for your Airport, I'm pretty certain it will work.

Tried it. Tried everything suggested...
I appreciate the help...i have no idea what else i can try. :(
 
Tried it. Tried everything suggested...
I appreciate the help...i have no idea what else i can try. :(

Sorry it hasn't worked, I'm surprised that it hasn't as I gave the settings that I gave you in the first place to somebody last year and it sorted them out.

Just to be sure, did you try restarting internet sharing by unticking and ticking it again after you'd changed the ethernet configuration?
 
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