Is cell phone tethering possible through wireless router?

Is it really possible to tether an android to a wireless router that will enable wireless internet access to my Laptop and PS3? I am using AT&T service with the AT&T wireless router. I would like to replace AT&T service with the Verizon android internet access service and tether it to the AT&T Wireless router. Is cell phone tethering possible through wireless router? I would be really glad if someone can assist me regarding this. Thanks.

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