that WILL work...
you can install IIS than you can login with your windows credentials...
need XP Pro for that..
then you need to install IIS
control panel, software, add/remove windows components, and then IIS (you can choose, by clicking the details button, for certain options, but just click IIS and let windows install them)
then you can configure it by clicking right on My computer, and then click manage.
then expand services and applications (last one)
and there you find your IIS to configure...