A crossover ethernet cable can be used to connect NIC to NIC, between two computers. As far as settings, you will need to make both computers the same workgroup name and enable file sharing for the folders you wish to share.
I would like to know how do I use the cross link cable to transfer the files from my old computer (Win200) to my new computer (WinXP)? Both of the desktops are in my place which I want to transfer files from one to another. What kind of settings do I have to do to WinXP and Win2000 in order to make it work? Thank you for your info in advance!