Seems the authors of Wireless Tether for root have updated their app. It now works with the new Evo Froyo stock update (still must be rooted). No custom kernal needed.
http://android-wifi-tether.googlecode.com/files/wireless_tether_2_0_5-pre7.apk
Thank you!
http://android-wifi-tether.googlecode.com/files/wireless_tether_2_0_5-pre7.apk
Thank you!
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