My fear of the zero in your ip is rightful
On your xp machine:
1) Connect the cross-over cable to your Windows 7
2) Set manaul ip to:
IP = 184.108.40.206 (6 is just a number in my head)
Subnet = should be auto filled out once u hit Tab from the IP location. Otherwise 255.255.255.0
Default Gateway = 220.127.116.11
3) test ping from Windows 7 to xp.
4) once pings are good, leave cable as is, untick manula ip selection and set to auto detect.
5) Goto Windows 7 and select your main LAN and the LAN to your xp,then brigde it.
Give it some times in betweens before testing IE.