Yes, through M$'s Direct Cable Connection facility/utility (included in all versions of Windows). Help should walk you through it and I don't think it's too complicated.
Never used it, just anecdotal stuff from friends. Certainly slow, but apparently works fine, esp. if you have not too much to transfer. Some assembly required unfortunately (not too much), batteries not included....
http://www.tecno.demon.co.uk/dcc/dcc.html seems good
http://www.wown.info/j_helmig/wxpdcc9i.htm points out some XP traps. Also
http://www.techtv.com/callforhelp/an...000467,00.html and
http://www.wown.com/j_helmig/dccmain.htm or Google for Direct Cable Connection