It might be possible to gain access to their computers depending on how clueful or less they are...
personally I think you shouldn't worry about that and should worry about properly securing your AP.
I strongly disagree w/ everything just about the last guy said.
ecryption does come with some overhead weeeeell worth it IMHO.
Ideally you will have WPA2 available on your wifi router/ interface cards... followed in order of security desirability /strenght..WPA , WEP
turn on the best one available to you...don't worry about it slowing anything down.
turning off the SSID is a joke from a security standpoint it is trivial to locate the network w/ SSID turned off..... infact I turn mine on... tooo mark my territory (yes like a cat
... i.e. advise any neighbors w/ shinny new wifi routers to stay the hell off of my channel).
mac filtering is almost as much of a joke as turning SSID off...it is relatively trivial to spoof a mac address/ capture an allowed mac from the network.
DHCP client limits.... hmmmm... good thing nobody will ever think to manually enter a IP address in range.... which they will know from their recon finding your SSID / and MAC address.
now turn on WPA2 or WPA... or if you have no other option WEP
change your default SSID and ADMIN passwords for the router // disable remote admin.