I saw a TV program which said "I might as well not bother... WEP was insecure... should use WPA..."
Just remember to put this in perspective. WEP is simply a form of encryption which has been proven to be relatively easy to break in comparison with the later WPA and WPA2.
Unless someone actually has the software, time and will to attempt to crack your network key you are pretty secure. Most people out there are looking for networks with no security at all so they can get online for free for a little while.
We have a home hub with 64-bit WEP encryption as the default. I agree that against security standards this is not very desirable when WPA is available, however given local conditions I am not feeling all that insecure
(and if I did I would no doubt change it)
WPA:
802.1x:WPA RADIUS uses an external RADIUS server to perform user authentication. To use WPA RADIUS, enter the IP address of the RADIUS server, the RADIUS Port (default is 1812) and the shared secret from the RADIUS server.
PSK: Is a special mode of WPA for home users without an enterprise authentication server and provides the same strong encryption protection.To use WPA Pre-Shared Key, enter a password in the WPA Shared Key field between 8 and 63 characters long .
RADIUS is an authentication server. You need a dedicated server which can run RADIUS authenication software.
Basically, when someone tries to connect, the server is contacted to verify the credentials of the user and if they are authenticated then the WPA encrypted network connection is created. This is most secure as the RADIUS server tends to use encryption and also when the connection is made with WPA it is using a different key each time.
PSK is the norm for standalone routers/access points. In terms of user practice, it works just like WEP.
You set a key, and when a user tries to connect to your network they are prompted to enter the key, just like with WEP.
If you want to keep it simple, use "PSK string". This is a text phrase much like you would use with WEP. I guess a hex phrase would use hexidecimal characters? My experience of WPA has been using text strings.