I have a question i have my ipcop box running well. I managed to setup a access point on the box. It thier away to add wep or wpa security to the access point. For all i know the only security on it mac filtering i think. that can be spoofed.
The "Blue Access Administrative Web Page" which you've referred to in your post controls access from BLUE to RED only. And you're right. It only uses MAC address filtering. Any extra security measures such as WEP/WPA will need to implemented in the wireless device that connnects to the IPCOP.
Obviously for BLUE to GREEN access, the IPCOP itself provides extra security measures such DMZ pinholes and VPN options.