Ya John .... you are leaning in the right direction ..... With WGR614L you can easily set up a client bridge (with security or without security )....
I dont know if Netgear's default firmware supports client /repeater bridge or not but these features are well supported by OpenWRT and DD-WRT firmwares on this router ....
I would recommend DD-WRT bcoz it provides GUI to set up your router as a client bridge while in OpenWRT you need to change some configuration files through command line ......
You can find the DD-WRT build to flash your WGR614L at the following link :
http://www.myopenrouter.com/download/10752/DD-WRT-v11205-Mini-Build-CHK-For-W...
Also for configuring your WGR614L as a client bridge , steps are given at the following link :
http://www.myopenrouter.com/article/10592/Using-NETGEAR-WGR614L-with-DD-WRT-A...

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