Can a Nexus 7 connect to an Android 2.2 Wi-Fi tethering access point?

I am considering buying a Nexus 7. I would like to occasionally be able to access the internet out and about, but don't want to pay 50% again to get the hspa+ version. I have a Samsung Galaxy Europa I5500 (a.k.a Samsung Galaxy 5) which allows wi-fi (and USB) tethering to provide my laptop with internet. My question is: would a Nexus 7 16GB Wi-Fi be able to connect to the Android 2.2 access point created by my Galaxy Europa? If this isn't possible, would USB tethering be an option still? Thanks, Chris