yes. this is the new netgear wndr3700 - it does actually support wpa (TKIP), wpa2 (AES) and a dual WPA+WPA2 mode. I tried WPA+WPA2 mode first, and then WPA by itself with the same result.
mind you, the WNDR3700 can be buggy too, as this is a brand new release - but i havent had any issues connecting other devices to it...