The abilty to do do both WPA and MAC went away in 12.3(4) according to thisUsing WPA Key Management Wi-Fi Protected Access is a standards-based, interoperable security enhancement that strongly increases the level of data protection and access contro...
As long as you don't have any VLAN's configured the AP will operate as a layer 2 device. with Vlans linked to SSID's your device will need to follow the topology defined by the VLAN/SSID subnet. IE your static IP must be in the same subnet as the VLA...
JeffYou probably won't be able to as the bridging is not part of the 802.11 standard and bridging protocols are propriitary to each vendor. Sorry for the bad newsBill