It has taken me a few days to get around to messing with this but I now have it figured out. I was under the mistaken impression that this device would network using windows networking services just like any other computer. Wrong.
When establishing a wireless connection you must first realize that you will still be using active sync. After that it becomes clearer. Certain rules must be observed, the first of which is a partnership must be established with the desired PC via a serial or usb connection before attempting to connect wirelessly. Otherwise the wireless connection will not work. Once I did that everything went smoothly.
Here are some other rules:
There are a few ethernet sync "gotcha's" that most people will have to encounter... the most common are;
1 - You MUST first establish an activesync "partnership" using usb, serial or ir communications before an ethernet connection is possible.
2 - "Allow Ethernet Connections" must be enabled in the PC's activesync setup.
3 - An Ethernet activesync connection must always be "initiated" by the PPC using Start/Connections/Activesync. In other words, when you make an ethernet connection with the PPC it will not automatically activate activesync in the same manner that connecting a ppc to a pc with a serial or usb connection will.
[Note: Actually, on the Tracker, it is Start>>Programs>>Communication>>PC Link Remote]
Before you press "Connect" confirm that "Network Connection" and the name of the sync computer is showing.